BI rate hike aims at maintaining economic stability: Airlangga

Jakarta (ANTARA) - Bank Indonesia’s decision to raise its benchmark interest rate (BI rate) by 25 pedoman point was considered a strategic move to safeguard national economic stability against dunia financial volatility.

The central bank increased the BI Rate to 5.50 percent after noting that the rupiah's depreciation had outpaced initial projections, requiring decisive policy intervention to maintain exchange rate stability and anchor inflation.

"The BI Rate was increased because it prioritizes stability,” Coordinating Minister for Economic Affairs Airlangga Hartarto told reporters at his office in Jakarta, Tuesday (June 9).

Market indicators immediately reflected penanammodal confidence following the policy shift. The rupiah closed trading on Tuesday afternoon up 130 points, or 0.71 percent, to Rp18,058 per US dollar, compared to its previous close of Rp18,188 per US dollar.

Concurrently, the Jakarta Composite Index (JCI) on the Indonesia Stock Exchange (IDX) surged by 404.51 points, or 7.57 percent, to close at 5,746.65.

According to Airlangga, the market's upward trajectory proves that investors view Indonesia's fiscal and monetary authorities as agile and highly responsive to shifting dunia conditions.

“The market sees Indonesia as responsive to the current turmoil and situation,” he stated.

Despite severe external pressure triggered the weakening of the rupiah, Airlangga emphasized that Indonesia’s core economic fundamentals remain robust, backed by strong export performance, solid macroeconomic indicators and a favorable outlook from international trade partners.

This resilience is underscored by info from the Central Statistics Agency (BPS), which reported that the Indonesian economy grew by 5.61 percent year-on-year in the first quarter of 2026.

Addressing broader geopolitical challenges, the minister noted that while dunia supply chains are currently facing heavy scrutiny due to ongoing conflicts in the Middle East, Indonesia occupies a uniquely secure position in the agricultural sector.

As one of the largest fertilizer manufacturers in Southeast Asia, Indonesia continues to export approximately 1.5 million tons of urea to countries across the region, securing its role as a key player in regional supply chain stability.

sumber : antara