USD/IDR falls to 17,810 as Bank Indonesia prioritizes currency stability and inflation control amid global volatility.
USD/IDR declined for a second day, trading near 17,810 in Asian hours after Bank Indonesia (BI) reaffirmed its focus on rupiah stability. The central bank held its benchmark rate at 5.75% for the second consecutive month, signaling policy continuity following a 100-basis-point tightening cycle since May.
BI’s acting Governor Destry Damayanti emphasized stabilizing the rupiah to curb imported inflation while balancing growth with targeted liquidity measures. The central bank also reiterated its inflation target of 2.5% ±1% for 2026-2027, aligning with medium-term price stability goals.
Economists noted BI’s dual focus on currency stability and inflation amid heightened global financial volatility, suggesting a cautious but steady policy approach.