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US Dollar Touches Rp16,000, BI Confident Rupiah Will Strengthen Soon
Bisnis | Ekonomi - Posted on 22 May 2024 Reading time 5 minutes
DIGIVESTASI - Bank Indonesia (BI) believes the rupiah exchange rate will continue to increase in the future. Now the position of the US dollar is equivalent to Rp 16,000. This was conveyed by BI Governor Perry Warjiyo in a press conference, Wednesday (May 21, 2024).
“Going forward, the rupee exchange rate is expected to stabilize with an upward bias, driven by attractive yields in line with the BI rate hike, declining risk premiums and a better economic outlook as well as BI's commitment to continue stabilizing the rupee exchange rate,” he said. explain.
Over the past three weeks, the rupee has been on a strengthening trend, influenced by BI's monetary policy aimed at minimizing the impact of global economic instability.
“This policy response encourages the inflow of foreign capital, especially SBN and SRBI,” Perry said.
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Source: cnbcindonesia.com
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