Bank Indonesia May Consider USD/IDR Stability Before Easing Further -- Market Talk

Dow Jones
Sep 18

0806 GMT - Bank Indonesia would consider the USD/IDR stability before further easing rates, Commerzbank Research analysts write in a note. The rupiah is the second-worst performing Asian currency this year. However, factors including BI's steady intervention have kept the USD/IDR between 16,000-16,500. Gov. Perry Warjiyo voiced support for the renewed "burden-sharing" arrangement, under which BI helps fund government housing and cooperative programs, they note. "Over-reliance on the scheme could undermine confidence in the government's fiscal discipline, prompting capital outflows and renewed IDR pressure, which in turn would narrow BI's room to ease," they say. USD/IDR is 0.5% higher at 16,500, according to LSEG data.(amanda.lee@wsj.com)

 

(END) Dow Jones Newswires

September 18, 2025 04:06 ET (08:06 GMT)

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