Jakarta, CNBC Indonesia- The consensus gathered by CNBC Indonesia projects that Bank Indonesia will still hold the benchmark interest rate at 6% in the BI RDG April 2024.

In line with the consensus, INDEF Senior Economist, Aviliani also estimates that the BI Rate will remain on hold amidst the weakening Rupiah. Currently, BI is considered to still have a number of strong instruments to maintain Rupiah stability, including Bank Indonesia Foreign Currency Securities (SVBI) which is supported by good foreign exchange reserves.

Currently, the weakening of the Rupiah to the level of Rp. 16,200 per US Dollar is still considered safe because the correction is in the 5% range. This also cannot be separated from the effects of internal sentiment regarding dividend distribution and the repayment phase of corporate debt, as well as external factors related to war.

However, the government must pay attention to inflation conditions due to supply chain disruptions and rising global oil prices. Apart from that, you also need to be careful regarding the direction of the Fed's interest rate policy which can affect the exchange rate.

How do economists see the condition of the Rupiah? What is the direction of the Central Bank's interest rate policy? For further details, see Anneke Wijaya's dialogue with the Head of Research & Development at Perbanas, Aviliani at the Power Lunch,CNBCIndonesia (Tuesday, 23/04/2024)