This article discusses how the recent press conference on the 2025 State Budget Plan in Indonesia helped to strengthen the rupiah. Senior Bank Indonesia Board of Governors member Destry Damayanti highlighted the significant impact of the conference, which included government representatives reassuring investors about Indonesia’s fiscal management.
As a result of the conference, the Indonesian rupiah strengthened against the US dollar, breaking through the Rp 16,400/US$ level. The rupiah closed stronger by 0.3% at Rp16,390/US$ on Monday. This improvement in the rupiah’s value was attributed to market confidence in Indonesia’s fiscal management, as well as the reassurance provided by government officials during the press conference.
The communication between the current government and the incoming government team was emphasized during the press conference, with a commitment to maintaining fiscal discipline and adhering to deficit limits in the state budget. This communication and reassurance helped to boost market confidence and strengthen the Indonesian rupiah.
Source: CNBC Indonesia