07:08 Video The Fed and BI haven’t cut interest rates yet, is the Rupiah still strong? My Money – 1 hour ago

Jakarta, CNBC Indonesia- After Bank Indonesia released the results of the BI RDG November 2023 which maintained the BI7DRR benchmark interest rate at 6%, the Rupiah exchange rate on Friday (24/11) weakened 0.10% to Rp. 15,565 per US Dollar.

FX Analyst CNBC Indonesia Research, Revo Gilang Firdaus, views that the 6% level cannot be guaranteed to be the peak BI7DRR level because it still depends on developments in global financial markets.

Meanwhile, Economist at PT KB Valbury Sekuritas, Fikri C. Permana, said that the Fed’s policy direction would still be a sentiment that Bank Indonesia would pay attention to in determining monetary policy.

Currently, the weakening of the Dollar Index is expected to support the strengthening of the Rupiah, however, Indonesia’s current account deficit has the potential to put pressure on the Rupiah.

What does an economist’s analysis of the direction and impact of Central Bank policy look like? What is the effect on the Rupiah? For complete details, see the dialogue between Anneke Wijaya and FX Analyst CNBC Indonesia Research, Revo Gilang Firdaus with PT KB Valbury Sekuritas Economist, Fikri C. Permana at Power Lunch,CNBCIndonesia (Friday, 11/24/2023)

Watch live streaming of other CNBC Indonesia TV programs here