Rupiah
Bank Indonesia raises BI Rate by 25 basis points to 5.75 percent
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Bank Indonesia decided to raise its benchmark BI Rate by 25 basis points to 5.75 percent during the June 2026 Board of Governors meeting.
The rupiah's slide to Rp17,500 per US dollar is hitting credit car buyers hardest. Cheap cars and LCGC models are the segments most exposed to possible price and installment rises.
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Bank Indonesia has launched seven strategies to maintain rupiah stability amid global pressures, with the currency hitting Rp17.400 per US dollar. The measures received approval from President Prabowo Subianto following a meeting at the Presidential Palace on May 5, 2026. BI Governor Perry Warjiyo highlighted sufficient foreign reserves for market interventions.
The Composite Stock Price Index (IHSG) rose 0.65 percent or 55 points to 8,604.59 at the end of the first trading session on Tuesday, December 2, 2025. The gain was driven by surges in the industrial and cyclical sectors, while the rupiah strengthened against the US dollar amid optimism over a potential Federal Reserve rate cut.