Video: BI Assures Rupiah is Fine, These 3 Indicators Provide Proof
Jakarta, CNBC Indonesia - CNBC Indonesia, in collaboration with Bank Indonesia, presents the Central Banking Forum 2026 with the theme “Indonesia’s Economic Resilience in Facing Global Exchange Rate Volatility”. The forum thoroughly examines Indonesia’s responses and those of monetary authorities to global challenges, while strengthening national economic resilience and maintaining market confidence and positive perspectives.
Head of the Monetary Management and Securities Assets Department at Bank Indonesia, Erwin Gunawan Hutapea, reaffirmed the rupiah exchange rate’s position as being in good condition. From the inflation side, it is maintained at 3.8% with a still strong trade balance and foreign exchange reserves sufficient to meet needs.
Meanwhile, Director of Strategic Economic Stability at the Directorate General of Fiscal Balance, Ministry of Finance of the Republic of Indonesia, Noor Faisal Achmad, assured that the state budget is healthy to support Indonesia’s economic growth, backed by a 10.5% growth in tax receipts at the beginning of the year despite a surge in spending in Q1-2026.
The Ministry of Finance also assured that the state budget is still capable of financing the energy sector amid the global energy price surge. Meanwhile, in managing state debt amid rising government bond yields, the Ministry of Finance has prudent and efficient strategies.
On the other hand, BCA’s Chief Economist, David Sumual, stated that the weakening exchange rates experienced by the majority of currencies, including the rupiah, are due to the market’s short-term focus, primarily related to oil prices. This has led foreign investors to carry out capital outflows in equities and government bonds, although in the SRBI it recorded capital inflows, which can serve as a buffer for foreign reserves and the rupiah.
Additionally, long-term improvement measures are needed, such as those carried out by China in developing renewable energy sources to reduce fossil fuels.
Meanwhile, Executive Director of the Center of Reform on Economics (CORE), Mohammad Faisal, provided views on the economic indicators that the government and monetary authorities must pay attention to amid pressures on the rupiah exchange rate and global economic turmoil in 2026, related to real sector conditions to fiscal and financial conditions.
Compared to the 1998 crisis or Covid-19, one real sector condition amid the US vs Iran war in 2026 that must be maintained is the purchasing power of the middle class, which has experienced pressure. In addition, fiscal governance must also be considered to maintain investor confidence in Indonesia.
For more details, watch the dialogue with Syarifah Rahma and Head of the Monetary Management and Securities Assets Department at Bank Indonesia, Erwin Gunawan Hutapea, along with Director of Strategic Economic Stability at the Directorate General of Fiscal Balance, Ministry of Finance of the Republic of Indonesia, Noor Faisal Achmad, and BCA’s Chief Economist, David Sumual, as well as Executive Director of the Center of Reform on Economics (CORE), Mohammad Faisal, in the Central Banking Forum 2026, CNBC Indonesia (Tuesday, 14/04/2026).