Indonesia's consumer confidence index edged lower in February from January, but "remained solid," the Bank of Indonesia reported on Monday.

The consumer confidence index stood at 125.2 in February, down from 127.0 in the previous month, but still logged well above the 100-level that separates optimism from pessimism, said the central bank.

"The strong consumer confidence in February is supported by the Current Economic Conditions Index (IKE), which recorded at 115.9, higher than the previous month's index of 115.1. Meanwhile, the Consumer Expectations Index (IEK) remains at an optimistic level of 134.4, although lower than the previous month's index of 138.8," advised the Bank of Indonesia.

The Indonesian economy has been undergoing a fairly rapid expansion; in its most recent outlook, Bank Indonesia projected the nation's gross domestic product (GDP) would expand at 4.9% to 5.7% rate in 2026, up from an estimated 4.7% to 5.5% rate in 2025.

The central bank noted strong domestic consumption, increased investment, and rising exports were contributing to economic growth in Indonesia.

However, the optimistic Bank Indonesia GDP outlook preceded recent Middle East hostilities that could result in disruptions to oil-importing Indonesia, or to the economies of trading partners in the Asian Pacific.

In a bid to keep consumers and businesses shielded from economic shocks, Indonesia will absorb the impact from oil price ​increases by using its state budget outlays to boost subsidies for fuel, the nation's finance minister said, reported Reuters on Monday.

Indonesia has budgeted $22.50 billion for energy subsidies and to compensate state energy firm Pertamina and utility company PLN for their efforts to keep some ​fuel prices and electricity tariffs at an affordable level.

Separately, the rupiah, the Indonesian currency, fell to nearly 17,000 to the U.S. dollar on Monday, a record low, as traders looked for safe haven assts.