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TEMPO.CO, Jakarta - Bank Indonesia (BI) Governor Perry Warjiyo conveyed BI's steps to strengthen the stability of the rupiah to several investors in Singapore on April 28, 2026. One of the mentioned efforts is adjusting the market interest rate structure by raising the yield on instruments such as Indonesian rupiah securities (SRBI).
BI holds meetings like this continuously to provide investors with solid information about Indonesia's economic fundamentals and future projections. "Thus, strengthening investor confidence in Indonesia's economy and encouraging the inflow of foreign capital," as stated in BI's press release quoted on Sunday, May 3, 2026.
Throughout April to early May 2026, the rupiah has remained at 17,000 per U.S. dollar. Even this week's trading saw the rupiah move to a weaker level above 17,300 per US dollar.
Perry explained that Bank Indonesia's policy framework has evolved from the experience of various crises. Currently, BI is implementing an integrated monetary policy mix consisting of three main pillars.
Firstly, the interest rate policy is to maintain exchange rate stability and keep inflation within the target. Secondly, exchange rate stabilization through intervention in the foreign exchange market to maintain external stability and prevent the weakening of the rupiah from spreading to price increases. Thirdly, domestic liquidity management is to ensure sufficient liquidity in the financial system.
These three instruments are implemented simultaneously and complement each other, reflecting a more flexible and adaptive approach to global dynamics.
Perry also explained policy coordination through the synergy of monetary and fiscal policies, which have successfully kept inflation in check and supported economic growth. This step is also supplemented by macroprudential policy. The Central Bank is strengthening the Macroprudential Liquidity Facility (KLM) for banks that provide credit to priority sectors and accelerating the reduction of lending rates.
BI also continues to prioritize stability while supporting economic growth. "With this foundation, the investor meetings affirm that Indonesia remains an attractive investment destination, supported by strong fundamentals and credible policies."
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