Rupiah Potentially Strengthens To Level IDR 16,470 Per US Dollar

JAKARTA - The rupiah exchange rate in trading Thursday, September 11 is expected to move higher against the United States (US) dollar.

To note, he quoted Bloomberg, on Wednesday, September 10, the rupiah spot exchange closed up 0.07 percent to a level of IDR 16,470 per US dollar.

Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of Bank Indonesia (BI) closed up 0.03 percent to a price level of IDR 16,457 per US dollar.

Currency observer Ibrahim Assuaibi said that US labor statistics revealed that the economy has created 911,000 fewer jobs over the past year than previously thought, a sign of weakening payroll growth and weakening labor markets.

"This further strengthens the expectations of reducing the Fed interest rate by 25 basis points, with a small decrease of 50 basis points," he said in his statement, quoted on Thursday, September 11.

Ibrahim said however, major US inflation data for August will test speculation of cutting interest rates this week and PPI inflation will be released on Wednesday, while IHK inflation data will be released on Thursday.

"Inflation data in August will be closely monitored to see signs of increased price pressure, given that most of Trump's trade rates came into effect last month," he said.

Meanwhile, from within the country, Ibrahim said that the government is committed to maintaining the debt-to-Domestic Gross Product (GDP) ratio in the range of 39 percent.

So far, the debt ratio is still maintained at a safe level.

However, according to him, the government is not pursuing an increase or decrease in debt ratios, but is pursuing economic growth to grow faster and GDP is increasing, so the debt ratio will automatically decrease.

Regarding monetary support, he said that there needs to be a synergy of fiscal and monetary policies so as not to suppress the banking system.

"This policy direction is expected to strengthen economic resilience while creating a healthier fiscal space in the medium term, in order to maintain the APBN deficit in the maximum range of 3 percent," he said.

He conveyed, to increase the budget deficit limit from 3 percent, the government will see future economic developments first, especially since it is clear that in the law a maximum budget deficit is set at 3 percent.

Selain itu, ia menyampaikan, pemerintah tengah menyiapkan stimulus tambahan untuk mendorong percepatan pertumbuhan ekonomi.

"Masalah utama terletak pada pelaksanaan program pemerintah yang masih berjalan lambat. Percepatan realissi belanja dan program prioritas diharapkan mampu memberikan dorongan signifikan terhadap laju pertumbuhan ekonomi nasional dalam waktu dekat," jelasnya.

Ibrahim memperkirakan rupiah akan bergerak fluktuatif namun ditutup menguat pada perdagangan Kamis, 11 September 2025 dalam rentang harga Rp16.420 - Rp16.470 per dolar AS.

In addition, he said, the government was preparing additional stimulus to accelerate economic growth.

"The main problem lies in the implementation of government programs that are still running slowly. The acceleration of spending realization and priority programs is expected to be able to provide a significant boost to the pace of national economic growth in the near future," he explained.

Ibrahim estimates that the rupiah will fluctuate but close higher on trading Thursday, September 11, 2025 in the price range of IDR 16,420 - IDR 16,470 per US dollar.