(Jan 14): Indonesia’s central bank said it is intervening in the foreign-exchange markets as the rupiah moves closer to a historic low on persistent fiscal concerns. “Bank Indonesia will continue to be present in the market to ensure that the rupiah exchange rate moves in line with fundamental values and healthy market mechanisms,” executive director Erwin Hutapea said in a mobile-phone message on Wednesday. The rupiah is about 0.5% away from a record low it last hit in April, as worries over the nation’s fiscal health resurfaced. “Bank Indonesia will continue to optimise pro-market monetary policy instruments to strengthen the effectiveness of monetary policy transmission and maintain adequate liquidity,” Hutapea said. Escalating geopolitical tensions, concerns over the independence of central banks in a number of developed countries and uncertainty over the future direction of the Federal Reserve’s monetary policy exerted pressures on the rupiah, according to Bank Indonesia (BI).

Source: The Edge Markets January 14, 2026 04:10 UTC