- Two key risks are back in focus: rising geopolitical tensions and renewed tariff driven policy uncertainty, with upside for Indonesia.
- As IDR remains weak, we revisit the three key risks, fiscal concerns, DXY, and liquidity. Recent developments points the risk persist.
- BI prioritizes stability while supporting growth. Rates unchanged, intervention and liquidity operations remain supportive.
HIGHLIGHTS
- The Two Risks Back to the Center Stage
- Rupiah Pressure: Revisiting the Risks
- Bank Indonesia: Still on Balancing Stability and Growth Mode
- Capital Market – Foreign Outflow Continues
- Upcoming SBSN Auction
- Previous SBSN Auction Results
This Week Key Focus
- China Loan Prime Rate – February 2026 (Tuesday)
- Euro Area Inflation and Core Inflation Rate – January 2026 (Wednesday)
- Japan Retail Sales – January 2026 (Friday)
Last week Key Events
GLOBAL UPDATES
- The US trade deficit widened further to USD70.3 billion in December 2025
- Japan’s headline inflation fell to 1.5% y/y in January 2026
- US PCE and core PCE inflation rose to 2.9% y-y and 3.0% y-y in December 2025
DOMESTIC UPDATES
- Bank Indonesia kept its benchmark rate unchanged at 4.75% at the February 2026 Board of Governors Meeting
- Indonesia’s loan growth accelerated to 9.96% y-y in January 2026
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