Bank Indonesia pledges to intensify efforts to stabilize the rupiah exchange rate and will utilize a diverse set of policy tools.

智通财经2026/07/29 09:51

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On Wednesday, Bank Indonesia stated that it will intensify efforts to stabilize the rupiah exchange rate in order to achieve its inflation targets and boost economic activity. The bank’s head of monetary management, Erwin Gunawan Hutapea, said in a statement that the central bank will not rely solely on interest rate policy, but will also adopt a diversified policy mix including spot market interventions in the foreign exchange market, onshore and offshore non-deliverable forward (NDF) market operations, among other measures.

The central bank will also take steps to ensure adequate liquidity in the money market and banking system, and will arrange the issuance of rupiah-denominated securities according to liquidity management needs to support foreign capital inflows, thereby promoting exchange rate stability. At the same time, it will ensure balanced distribution of liquidity within the financial system.

This Monday, the unexpected resignation of Bank Indonesia Governor Perry Warjiyo raised concerns among investors over the central bank’s independence, causing the rupiah to fall below the 18,000 mark against the US dollar and further intensifying the urgency for the central bank to stabilize the exchange rate.

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Bank Indonesia pledges to intensify efforts to stabilize the rupiah exchange rate and will utilize a diverse set of policy tools.

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