Soal IHSG Anjlok dan Rupiah Melemah: Presiden Temui Investor, Bank Indonesia Ambil Langkah Ini

Summary

President Prabowo Subianto will meet with investors in response to the recent financial market instability, with the government monitoring the economic situation. The stock market saw a recovery after a major drop, while the Rupiah weakened against the U.S. dollar. Bank Indonesia decided to keep its key interest rate at 5.75% to support domestic consumption and address global uncertainties. Despite a positive market trend, foreign investors have been withdrawing funds, contributing to significant capital outflows since Prabowo's presidency began. These developments highlight ongoing challenges and efforts to stabilize Indonesia's economy.

Takeaways

• 😀 President Prabowo Subianto will meet with investors to address market turbulence caused by financial fluctuations.
• 😀 The government is closely monitoring economic developments and will take necessary actions to stabilize the financial markets.
• 😀 President Prabowo is committed to maintaining fiscal discipline and ensuring economic policies are well-calculated.
• 😀 The Composite Stock Price Index (IHSG) fell by 6.12% on March 18, 2025, but rebounded by 1.42% on March 19, 2025.
• 😀 Bank Indonesia (BI) decided to keep the benchmark interest rate at 5.75% to support household consumption and government spending.
• 😀 BI’s decision also considers global economic uncertainty, particularly due to the U.S. import tariffs that affect global growth.
• 😀 The government and BI aim to keep inflation within a target range of 2.5% ± 1% for 2025-2026 while stabilizing the Rupiah.
• 😀 Despite global stock market improvements, foreign investors continue to withdraw capital from Indonesia’s stock market.
• 😀 Foreign investment outflows amounted to IDR 910 billion on March 19, 2025, with a total of IDR 5.89 trillion withdrawn since President Prabowo took office.
• 😀 U.S. import tariffs have contributed to slower global economic growth, adding to uncertainty in the Indonesian market.
• 😀 The government and BI are taking steps to maintain the stability of the Rupiah in response to global market volatility.

Q & A

What did the Chairman of the National Economic Council, Binsar Panjaitan, say about President Prabowo's actions regarding the financial market instability?

Binsar Panjaitan mentioned that President Prabowo would meet with investors to respond to the financial market turmoil, particularly the significant drop in the Composite Stock Price Index (IHSG). The government is actively monitoring the situation and taking necessary measures to maintain financial stability.

How did the market react after the significant drop in the Composite Stock Price Index (IHSG) on March 18, 2025?

After the IHSG fell by 6.12% and triggered a trading halt, the stock market rebounded on March 19, 2025, with the IHSG increasing by 1.42%, closing at 6,311 points. This was a positive market response despite the previous downturn.

What measures did Bank Indonesia take regarding the interest rate, and why?

Bank Indonesia decided to maintain the BI rate at 5.75% on March 18-19, 2025. This decision was based on the need to support domestic consumption and economic growth, as well as address external factors such as the rising U.S. import tariffs, which were slowing global economic growth.

What is Bank Indonesia's strategy for stabilizing the Rupiah?

Bank Indonesia plans to strengthen its strategy for stabilizing the Rupiah amid global uncertainty. This includes maintaining the BI rate at its current level and focusing on keeping inflation within the target range of 2.5% to 3.5% for 2025 and 2026.

How did foreign investor activity impact the stock market recently?

Foreign investors continued to withdraw from the Indonesian stock market, with IDR 910 billion exiting on March 19, 2025. In the previous week, a total of IDR 1.49 trillion was pulled out, and since President Prabowo took office, the total foreign outflow reached IDR 5.89 trillion.

What is the reason for the weakening of the Rupiah against the U.S. Dollar?

The Rupiah weakened against the U.S. Dollar due to global uncertainty, including the impact of the U.S. import tariffs and the challenges these policies posed to global economic growth.

What role does consumption and government spending play in Indonesia's economic strategy, according to Bank Indonesia?

Bank Indonesia highlighted that domestic consumption needs to be encouraged to foster economic growth. Additionally, government spending plays a crucial role in supporting household consumption, despite the external challenges facing the country.

How has the global economic situation influenced Indonesia's economic decisions?

The global economic uncertainty, particularly the U.S. import tariffs and their impact on global growth, has led Indonesia to carefully monitor and adjust its economic policies, including the decision to maintain the BI rate and focus on stabilizing the Rupiah.

What was the significance of the 6.12% drop in the Composite Stock Price Index (IHSG)?

The 6.12% drop in the IHSG was significant because it triggered a trading halt, reflecting the market's volatility. This drop was a key issue that prompted President Prabowo and other officials to take actions to address the situation and meet with investors.

What long-term economic goals are being pursued by Bank Indonesia in response to current challenges?

Bank Indonesia aims to maintain inflation within the target range of 2.5% to 3.5% for 2025 and 2026 and ensure the stability of the Rupiah. These measures are aligned with their efforts to manage the economic challenges and uncertainties from global events.