Rupiah Edges Up as BI Pledges Support
The Indonesian rupiah briefly slipped to around IDR 17,970 per U.S. dollar on Thursday morning before recovering to near 17,930 after Bank Indonesia said its trajectory remained in line with regional peers. The central bank reaffirmed its commitment to stabilising the currency through interventions in offshore and onshore NDFs as well as spot markets. Forex reserves eased slightly in September but stayed near a five-month high. The IMF lifted its 2026 growth forecast for Indonesia to 5.1% from 5.0%, citing measures to support household consumption and an expected pickup in government spending, though it warned geopolitical conflicts and energy supply risks could weigh on oil-importing economies. Inflation accelerated to 3.28% yoy in September, underscoring persistent price pressures that may complicate the policy outlook. Globally, the U.S. dollar index held firm despite edging off an 18-month high as traders assessed the Fed’s stance following stronger-than-expected inflation data.
S. dollar on Thursday morning before recovering to near 17,930 after Bank Indonesia said its trajectory remained in line with regional peers. The central bank reaffirmed its commitment to stabilising the currency through interventions in offshore and onshore NDFs as well as spot markets. Forex reserves eased slightly in September but stayed near a five-month high.
0%, citing measures to support household consumption and an expected pickup in government spending, though it warned geopolitical conflicts and energy supply risks could weigh on oil-importing economies. 28% yoy in September, underscoring persistent price pressures that may complicate the policy outlook. S. dollar index held firm despite edging off an 18-month high as traders assessed the Fed’s stance following stronger-than-expected inflation data.