Romania’s public debt takes a break and stays flat in January at 54.8% of GDP
1 day ago
Bank Indonesia (BI) has assured the public that the recent depreciation of the rupiah, now surpassing IDR16,800 per US dollar, will not lead to increased debt burdens or inflationary pressures, CNBC Indonesia reported.
BI Deputy Governor Juda Agung stated that the risk of a debt crisis due to exchange rate volatility is minimal, as there is already a mandatory hedging requirement for corporations and industrial sectors.
“So, it’s not concerning. Corporations are already required to hedge,” he said on April 8 at Menara Mandiri, Jakarta.
On inflation, Agung also stressed that the impact of the weaker rupiah remains under control and poses no immediate threat, despite recent data from Statistics Indonesia (BPS) showing a jump in the Consumer Price Index (CPI) for March 2025.
March’s CPI recorded a monthly inflation rate of 1.65% and an annual rate of 1.03%, bringing the index to 107.22. However, these figures remain within BI’s 2025 inflation target range of 2.5% ±1%.
“It’s not worrying, still low and under control,” Agung affirmed.
The rupiah has continued to depreciate against the US dollar amid ongoing global uncertainty and intensifying trade wars. According to Refinitiv, the rupiah closed at IDR16,860 per US dollar on April 8, weakening by 1.84% compared to the 0.12% gain seen on March 27.
Meanwhile, the US dollar index (DXY) edged down by 0.13% to 103.12.
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