07:47 Video Rupiah Sluggish Again! Can BI Still Hold the Reference Interest Rate at 6%? My Money – 1 hour ago

Jakarta, CNBC Indonesia- Having strengthened, the Rupiah exchange rate weakened again and entered the red zone. The Garuda currency in trading on Wednesday (22/11) was corrected 0.91% to Rp. 15,575 per US Dollar.

Bank Mega’s Treasury and Global Market Head Sales, Donny Lukito assesses that the easing of market concerns about the Fed along with sloping US inflation is expected to be able to hold the benchmark rate level.

It is hoped that Bank Indonesia will respond positively to this condition by holding the BI7DRR level at 6% in the November 2023 BI RDG.

So what is the impact of this market sentiment on the Rupiah? What is the direction of BI policy in maintaining Rupiah stability? For further details, see Syarifah Rahma’s dialogue with Treasury and Global Market Head Sales PT Bank Mega Tbk (MEGA)Donny Lukito in Power Lunch,CNBCIndonesia (Wednesday, 11/22/2023)

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