Bank Indonesia data showed yields on six-, nine-, and 12-month BI Rupiah Securities (SRBI) rose to 6.21 percent, 6.31 percent, and 6.45 percent, respectively, as of May 13, 2026.
“The SRBI rate hikes successfully encouraged portfolio inflows after large outflows in the first quarter,” Warjiyo told reporters after the central bank’s policy meeting in Jakarta on Wednesday.
The central bank recorded net capital outflows of US$0.8 billion in the first quarter of 2026, driven by global uncertainty linked to Middle East conflicts and broader market volatility.
Foreign portfolio investment returned in the second quarter, with net inflows reaching US$5.5 billion as of May 18, supported by higher yields on SRBI instruments and government bonds (SBN), Bank Indonesia said.
Outstanding SRBI holdings stood at Rp921.88 trillion (US$52.0 billion) as of May 18, with foreign investors holding Rp221.59 trillion (US$12.5 billion), equal to 24.04 percent of total outstanding securities.
Bank Indonesia said it would continue strengthening rupiah stabilization measures through foreign exchange market intervention amid persistent external volatility and seasonal domestic demand for US dollars.
The central bank said interventions would include offshore non-deliverable forward (NDF) transactions alongside spot and domestic non-deliverable forward (DNDF) operations in the local market.
Bank Indonesia has also tightened foreign exchange transaction policies by adjusting the threshold for cash foreign currency purchases against the rupiah without underlying assets, effective since April 2026.
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Translator: Rizka, Kenzu
Editor: Rahmad Nasution
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