BI Acting Governor Urges Market Calm, Vows Continued Rupiah Intervention

Bank Indonesia (BI) Acting Governor Destry Damayanti has urged market participants not to overreact following the resignation of its former governor, Perry Warjiyo, assuring continued intervention in financial markets to maintain the stability of the Indonesian rupiah. "We hope the market does not need to panic," Destry said at the Presidential Palace Complex in Jakarta on Monday. According to Destry, BI will continue to carry out all stabilization instruments that have been implemented so far. Interventions will be carried out in the spot market, Domestic Non Deliverable Forward (DNDF), and Non Deliverable Forward (NDF). On the other hand, BI continues to pursue macroprudential policies to support economic growth. Destry said the results of the July 2026 Monetary Policy Meeting (RDG) would also continue to be implemented, including incentives through a reduction in hedging costs to maintain foreign capital inflows. She emphasized that the change in leadership does not change the direction of the central bank's policy. "We are still implementing that policy," she said, adding that all members of the BI Board of Governors continue to work collectively so that operations and policymaking continue. BI hopes that the stability of the financial market can soon return to normal.