Subsequently, the Rupiah will appreciate and stabilize in line with Indonesia’s solid economic fundamentals, particularly with inflation forecasted to decline towards the target, positive current account, attractiveness of SBN yields, as well as promising national economic prospect.
To that end, Bank Indonesia will continue to monitor and intervene in the market, while taking necessary Rupiah stabilization measures, through triple intervention in the spot market, DNDF, and through the buy/sell of SBN in the secondary market, to maintain Rupiah stability in line with its fundamentals and market mechanisms.