This article discusses how a press conference on the 2025 State Budget Plan in Indonesia helped strengthen the rupiah and reassure investors. Senior Bank Indonesia Board of Governors member Destry Damayanti stated that the conference, attended by government representatives, had a significant impact on the market, leading to a stronger rupiah.
The government’s clarification during the press conference reassured investors about the continuity of Indonesia’s fiscal management, boosting market confidence. As a result, the rupiah strengthened against the US dollar, closing at Rp16,390/US$ on Monday. This improvement came after several days of decline, with the rupiah reaching its weakest point at Rp16,470/US$.
The Dollar Index also dropped, indicating a positive response to the press conference. Finance Minister Sri Mulyani emphasized the good communication between the current and incoming government teams, ensuring that flagship programs will be included in the state budget without causing a fiscal deficit increase.
Overall, the press conference had a positive impact on the market and the strength of the rupiah, showcasing the importance of transparent communication in maintaining investor confidence.
