Research & Stock Picks

Economic Reports

13 April 2026

By

Samuel Weekly Economic Insights 13 April 2026

Highlights

  • FX Reserve Drawdown Signals Active Policy Defense: Indonesia’s foreign exchange reserves declined to USD 148.2 billion, below SSI’s forecast, reflecting intensified Bank Indonesia intervention to stabilize the rupiah amid global volatility.

 

  • Energy Volatility Reintroduces Fiscal and Inflation Risks: Oil prices surged above USD110/bbl before correcting on a fragile US–Iran ceasefire, reinforcing uncertainty in subsidy burdens and inflation trajectory.

 

  • Rupiah Pressure Highlights External Vulnerability: The rupiah weakened toward the 17,000 level, driven by persistent capital outflows and elevated global yields.

 

  • Growth Outlook Faces External Recalibration: The World Bank revised Indonesia’s 2026 growth forecast down to 4.7%, signaling rising external headwinds despite resilient domestic demand.

 

  • ⁠⁠Financial Markets Remain Fragile Amid Global Risk Dynamics: Equity and bond markets experienced volatility, with continued foreign outflows and rising yields.

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