Istana denies Purbaya, Perry removal rumor as rupiah hits Rp18.000
The government also denied a cabinet reshuffle and pushed closer coordination among BI, Kemenkeu, OJK and DPR.
The government also denied a cabinet reshuffle and pushed closer coordination among BI, Kemenkeu, OJK and DPR.
BI and Kemenkeu also agreed to boost yield appeal and government cash remuneration at BI to support liquidity.
The denial comes as the rupiah crossed Rp18.000 per U.S. dollar, while the 2026 state budget still assumes Rp16.500.
The government is preparing closer fiscal-monetary coordination to attract inflows and preserve banking liquidity.
Higher import costs could lift prices of food, electronics and energy, while the government speeds domestic oil output plans.
The weak currency is expected to strain import-dependent industries, from pharmaceuticals to automotive, by raising input costs.
The rupiah settled at Rp18.049 per U.S. dollar as markets tracked the APBN deficit and talk of an emergency BI meeting.
In Q2, foreign inflows reached Rp60.9 trillion, led by Rp99.9 trillion in SRBI, even as stocks saw outflows.
DPR passed a revision expanding Bank Indonesia's mandate and oversight, stoking market concerns over central bank independence.