Jakarta, CNBC Indonesia- SEVP Head of Treasury Sales & Distribution Bank CIMB Niaga, Hernaman Tandianto sees the prospect of strengthening the Rupiah exchange rate in H2-2024 to reach the level of IDR 15,000 per US Dollar.

optimism regarding the strengthening of the Rupiah cannot be separated from sentiment driven by the certainty of election results and the prospect of cutting interest rates by the Fed. Apart from that, if the release of the debt rating in semester II-2024 produces positive results, it will also provide momentum to encourage the strengthening of the Rupiah.

Meanwhile, regarding the sentiment of the Presidential Election and the cabinet ranks of the new Indonesian government, Hernaman mentioned the importance of a Minister of Finance figure who is acceptable to market players to provide certainty for the market as well as attract inflows of foreign funds which are important for strengthening the Rupiah.

How does the market see the direction of the Rupiah’s movement? What is the direction of movement of capital market investors after the election? For further details, see Anneke Wijaya’s dialogue with SEVP Head of Treasury Sales & Distribution Bank CIMB Niaga, Hernaman Tandianto at Power Lunch,CNBCIndonesia (Tuesday, 20/02/2024)