Bank Indonesia (BI) plans to guide the rupiah to trade near 16,500 per U.S. dollar next year — or possibly 16,400 — as the central bank prioritizes currency stability, Governor Perry Warjiyo said on Monday.
Speaking at an economic forum, Warjiyo offered rare forward guidance on the rupiah, stressing the bank’s commitment to maintaining stability while continuing to support economic growth.
The rupiah traded around 16,660 per dollar during Monday’s session at 0310 GMT, making it emerging Asia’s second-worst performing currency this year with a 3.4% decline.
Track real-time rupiah and EM currency movements with our live FX monitor.
Bank Indonesia kept its policy rates unchanged in November, shifting its near-term focus toward defending the currency amid external pressures and a softening regional FX environment.
Warjiyo reiterated on Monday that BI still sees room for further policy rate easing, signaling a possible shift once rupiah stability is secured.
Asian Forex Hub Quick View
- BI targets rupiah at 16,500–16,400 next year
- Current level: 16,660 per dollar, down 3.4% YTD
- BI held rates in November to stabilize the currency
- Governor Warjiyo signals room for future easing
Follow Southeast Asian FX shifts and policy signals on our macro rates dashboard.
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