BI Keeps Interest Rate at 6% to Stabilize Rupiah Amid Global Economic Uncertainty.

Bank Indonesia Governor Perry Warjiyo is closely monitoring the political and economic dynamics following the US presidential election, in order to ensure a stable financial environment in Indonesia. He has identified five key factors that will inform future monetary policy, including the possibility of reducing the BI Rate. At today's BI Board of Governors Meeting, Perry opted to maintain the BI Rate at 6% to forestall further rupiah depreciation, which has been exacerbated by the strengthening US dollar index. The primary objective of monetary policy is to stabilise the rupiah exchange rate in light of the current political developments in the US and the prevailing global economic uncertainty. The BI Board of Governors has identified five key areas of focus for the future US government, including an anticipated expansionary fiscal policy, a stronger domestic economy focus, the potential for higher trade tariffs, and stricter immigration policies. These policies may have a significant impact on countries with a substantial trade surplus with the United States, including China and Europe.

Donald Trump Segera Pimpin AS, Bos BI Was-Was 5 Dampak Nyata Ini ke Indonesia

Geopolitical Risks Could Disrupt Global Oil Supply.

Oil prices saw a slight increase during the Asian trading session, driven by concerns about potential supply disruptions due to heightened geopolitical tensions between Russia and Ukraine. Brent crude oil futures for January 2025 delivery increased by 0.4% to $73.09 per barrel, while West Texas Intermediate (WTI) crude oil futures for the same delivery month rose by 0.4% to $69.03 per barrel. The intensification of the conflict was prompted by Ukraine's deployment of Western weapons, including a British missile, against Russian targets, which Moscow perceived as a significant escalation in the situation. Ukraine asserts that it is acting in self-defense by targeting Russian bases that are supporting the invasion, which has been ongoing for 1,000 days. Furthermore, U.S. crude stockpiles saw an increase of 545,000 barrels, reaching a total of 430.3 million barrels, which is contrary to expectations of a smaller increase.

Harga Minyak Menguat di Pagi Ini, Ketegangan Geopolitik Kerek Kekhawatiran Pasokan

Indonesia's Current Account Surplus Boosts Investor Confidence.

According to Bank Indonesia, Indonesia's current account deficit has decreased, coinciding with a balance of payments surplus of US$5.9 billion in Q3 2020. The deficit in the current account balance was US$2.2 billion, equivalent to 0.6% of GDP, which is lower than the previous quarter's deficit of US$3.2 billion or 0.9% of GDP. The current account balance was supported by a surplus in non-oil and gas trade balance and non-oil and gas export growth, driven by increasing commodity prices and growing imports. The deficit in services balance also narrowed due to a rise in the travel services surplus, supported by an increase in foreign tourist visits. The primary income balance deficit decreased because of lower investment return payments to foreign investors. Additionally, there was an increase in the secondary income balance surplus, driven by remittance receipts. Furthermore, Indonesia's balance of payments also saw a significant increase, transforming from a deficit of US$0.6 billion in the previous quarter to a surplus of US$5 billion in Q3 2020.

Defisit Transaksi Berjalan Menyempit, Neraca Pembayaran RI Surplus US$5,9 Miliar