To note, citing Bloomberg, on Wednesday, October 22, the rupiah spot exchange closed slightly higher by 0.02 percent to the level of Rp. 16,585 per US dollar. Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of Bank Indonesia (BI) closed down 0.17 percent at a price level of Rp. 16,617 per US dollar.
Currency observer Ibrahim Assuaibi said investors were also watching the development of the US-Chingkok trade negotiations because officials from the two countries would meet this week in Malaysia.
"Investors are also monitoring tensions between the US and Venezuela, the major oil producer. The US attack on Venezuela in international waters is a dangerous escalation and is an extrajudicial execution," he said in a statement, quoted Thursday, October 23.
In addition, he added that investors remain cautious ahead of the US consumer price index (IHK) report which will be released on Friday, which is expected to provide important guidance ahead of next week's Federal Reserve interest rate decision.
According to him, the ongoing closure of the US government has increased uncertainty in financial markets, with part of the economic data calendar disrupted.
Ibrahim added the closure of the US government had entered 21 days until Tuesday with no sign of an end, forcing some critical agencies to leave.
Meanwhile, from within the country, Ibrahim said that Bank Indonesia (BI) decided to maintain the benchmark interest rate or BI-Rate at the level of 4.75 percent at the Board of Governors' Meeting (RDG) which was held on October 21-22, 2025.
In addition, deposit facility interest rates are also maintained at the level of 3.75 percent, and lending facility interest rates are maintained at the level of 5.50 percent.
Consistent decisions or in line with inflation estimates in 2025 and 2026 are maintained low in the target of 2.5 percent plus minus 1 percent. Efforts to maintain the stability of the rupiah exchange rate in accordance with its fundamentals amid the high global uncertainty, as well as synergies to help strengthen economic growth.
In the future, BI will continue to pay close attention to the effectiveness of the loose monetary policy transmission that has been taken, the prospect of economic growth and inflation, as well as the stability of the rupiah exchange rate in utilizing the space for lower interest rates or BI-Rate.
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| EKONOMI
IFG Tunjuk Leonardo Henry Gavaza jadi Direktur Keuangan PT Askrindo
22 November 2024, 20:47
BI juga memperkuat kebijakan makroprudensial untuk semakin mendorong penurunan suku bunga, peningkatan likuiditas, dan kenaikan pertumbuhan kredit pembiayaan untuk pencapaian pertumbuhan ekonomi yang lebih tinggi.
Payment system policies are also directed to contribute to economic growth, through the expansion of digital payments, strengthening the structure of the payment industry, and strengthening the annual power of payment system infrastructure.
Ibrahim estimates that the rupiah will fluctuate but close lower in trading Thursday, October 23, 2025, in the price range of IDR 16,580 - IDR 16,610 per US dollar.
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