Bank Indonesia ready to step up intervention to support rupiah
Governor Destry Damayanti said global uncertainty remained the main source of pressure, while domestic conditions had become more manageable.
Bank Indonesia would intervene more forcefully if global pressures continued to unsettle Indonesia’s financial markets and weaken the rupiah, Governor Destry Damayanti said. Her remarks on CNBC Indonesia’s Central Banking programme were cited on 9 October 2026.
Destry said unresolved tensions in the Middle East could push oil prices higher again. That could strengthen the US dollar further and put additional pressure on the rupiah. She said the central bank was prepared to increase its intervention if those conditions arose.
Domestic conditions, by contrast, had become more manageable, she said. Indonesia’s trade surplus had reached US$3.3 billion, which she described as a substantial but anticipated increase. She attributed the improvement to a significant rise in commodity prices that had supported commodity exports.
Bank Indonesia would also monitor comparable currencies, including the Philippine peso and Thai baht, Destry said. It would assess whether those currencies were remaining stable or experiencing volatility as part of its examination of conditions across countries with similar characteristics.
