Country: ID | Published: 2026-09-22
Jakarta's main index slid into the red, with the central bank's decision to hold rates tighter for longer weighing on sentiment and nudging the rupiah lower as investors stayed on
Jakarta's main index slid into the red, with the central bank's decision to hold rates tighter for longer weighing on sentiment and nudging the rupiah lower as investors stayed on the sidelines. The government's settlement of a decades-old banking debt using surplus central bank funds wrapped up a long-running fiscal loose end, though economists still question what it says about public finances. On the trade side, officials are pushing non-oil exports to defend the surplus, while French defense ties and new oversight of land conflicts added background noise to the session.