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2025-09-16 14:53:53
[The Indonesian Rupiah strengthens as fiscal stimulus and bank recapitalization boost the exchange rate] ⑴ The Indonesian rupiah rose to 16,370 per dollar on Tuesday, a significant rebound from 16,415 the previous day. ⑵ The government announced a new stimulus package of 16.2 trillion rupiah for the fourth quarter, with some measures extended until 2026. ⑶ The Finance Minister stated that this move will not change the 2025 budget deficit forecast of 2.78% of GDP. ⑷ Last week, authorities injected 200 trillion rupiah into five state-owned banks to boost liquidity, stimulate credit, and support growth. ⑸ Bank Indonesia is expected to maintain its interest rate at 5% on Wednesday, having cut rates in July and August. ⑹ The rupiah fell to a one-month low in early September following the sudden resignation of Finance Minister Sri Mulyani. ⑺ The US dollar index traded near a two-month low of 97.2, as markets awaited a Federal Reserve rate cut.
