Perry Warjiyo

Former Governor, Bank Indonesia

Perry Warjiyo Confident Rupiah Will Strengthen to Rp16,800 by 2027, Reveals Reasons for Economic ...

📅 Jun 09, 2026 Tribunnews 11 MIN 1220 VIEWS 4 SEGMENTS · 2 SPEAKERS

Download the TribunX news app on the Play Store or App Store for a new experience. Download the TribunX news app on the Play Store or App Store for a new experience. TRIBUN-VIDEO.COM - Bank Indonesia Governor Perry Warjiyo is optimistic that the rupiah exchange rate will strengthen again in the coming years. Perry estimates the rupiah exchange rate will be in the range of Rp16,800 to Rp17,500 per US dollar in 2027. Perry made this statement at the House of Representatives Budget Committee (Banggar) meeting with the Indonesian Minister of Finance, Purbaya Yudhi Sadewa, on Tuesday (June 9)....

What Perry Warjiyo said

Written from the verified transcript and checked against it. Every figure links to the moment it was said.

Perry Warjiyo, Governor of Bank Indonesia, expressed confidence that the rupiah will strengthen to Rp16,800-17,500 per US dollar in 2027, citing five factors: improving global economic growth of 3.1%, strong domestic fundamentals, the President's single-door export policy through PT Dana and Sumber Daya Indonesia, BI's commitment to intervention, and close fiscal-monetary coordination. He projected 2027 economic growth of 5.1-5.9%, closer to the upper limit, and inflation of 2.5% plus or minus 1%. Warjiyo detailed seven monetary policy steps for stability, including raising interest rates to 5.5%, lowering the limit for non-underlying dollar purchases to $25,000 per actor per month starting June, and expanding rupiah-yuan transactions. He also highlighted BI's support for growth: purchasing Rp12 trillion in government bonds, providing Rp42.7 trillion in liquidity incentives for Asta Cita credit, and expanding QRIS to countries like China, Japan, South Korea, and Saudi Arabia.

Key takeaways

Rupiah will strengthen to Rp16,800-17,500 per US dollar in 2027, driven by five factors including global growth and domestic fundamentals.
Bank Indonesia raised interest rates to 5.5% to attract foreign portfolio investment, despite not liking rate hikes.
BI lowered the limit for non-underlying dollar purchases to $25,000 per actor per month starting June.
BI purchased Rp12 trillion in government bonds and provided Rp42.7 trillion in liquidity incentives for Asta Cita credit as of May 1, 2026.
QRIS payment system expanded to China, Japan, South Korea, and Saudi Arabia for Umrah and Hajj.

Numbers and commitments

Figure	What it refers to	Type	At
16,800 to 17,500	Rupiah exchange rate range per US dollar in 2027	guidance	2:54
5.1 to 5.9%	Economic growth range for 2027	guidance	1:08
3.1%	Expected global economic growth	metric	2:54
2.5% plus or minus 1%	Inflation target range for 2027	guidance	5:45
5.5%	Bank Indonesia interest rate after recent hike	metric	5:45
25,000	Monthly limit per actor for non-underlying dollar purchases	commitment	5:45
12 trillion rupiah	Government bond purchases by BI this year	commitment	5:45
42.7 trillion	Liquidity incentives disbursed for Asta Cita credit as of May 1, 2026	metric	5:45
14.8%	Money supply growth last recorded	metric	5:45

Chapters

0:00Economic growth outlook for 2027
2:54Rupiah exchange rate forecast
5:45Inflation target and control

Narrator 0:00 ↗

Bank Indonesia Governor Perry Warjiyo is optimistic that the rupiah exchange rate will strengthen again next year. Perry estimates the rupiah exchange rate will be in the range of 16,800 to 17,500 per US dollar in 2027. The statement was made by Perry during a budget working meeting of the DPR with the Minister of Finance, Purbaya Yudi Sadewa, on Tuesday, June 9, 2026. In the meeting, Perry explained several factors underlying his confidence in the strengthening of the rupiah. As reported by the TV Parliament YouTube channel, Perry said global economic growth is expected to increase along with hopes for improving geopolitical conditions. In addition, he assessed that Indonesia's economic fundamentals will remain strong in 2027. Perry also highlighted various government policies that have the potential to increase national export performance and strengthen the rupiah exchange rate. Concluding his statement, Perry stated that Bank Indonesia will continue to coordinate with the government so that monetary policy runs in line with fiscal policy, emphasizing that BI will remain focused on maintaining rupiah exchange rate stability while encouraging foreign capital inflows into Indonesia.

1 more exchange in this transcript

Cite this transcript

APA, MLA, BibTeX

APA

Warjiyo, P. (2026, June 9). Perry Warjiyo Confident Rupiah Will Strengthen to Rp16,800 by 2027, Reveals Reasons for Economic ... [Interview transcript]. Tribunnews. CEOInterviews.AI. https://ceointerviews.ai/interview/975709/

MLA

Perry Warjiyo. "Perry Warjiyo Confident Rupiah Will Strengthen to Rp16,800 by 2027, Reveals Reasons for Economic ...." Tribunnews, 9 Jun. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/975709/.

BibTeX

@misc{warjiyo2026_975709,
  author       = {Perry Warjiyo},
  title        = {Perry Warjiyo Confident Rupiah Will Strengthen to Rp16,800 by 2027, Reveals Reasons for Economic ...},
  howpublished = {Interview transcript, Tribunnews. CEOInterviews.AI},
  year         = {2026},
  month        = {jun},
  url          = {https://ceointerviews.ai/interview/975709/},
  note         = {Speaker-attributed transcript with timestamps}
}

▶

Key Quotes (4)

“Ada lima faktor utama yang mendasari kenapa rupiah tahun 2027 akan berkisar 16.800 sampai 17.500 menguat ke sana. Yang pertama tentu saja kondisi ekonomi tidak akan seburuk tahun ini akan membaik. Pertumbuhan ekonomi dunia itu akan naik ke 3,1%.”

▶ 3:09 POLICY

“Fundamental ekonomi Indonesia itu baik akan mendukung penguatan nilai tukar rupiah. Pertumbuhan ekonomi tinggi, inflasinya rendah, defisit transaksi berjalan juga rendah. Imbal hasilnya menarik, terus kemudian cadangan devisa juga lebih dari cukup.”

▶ 3:49 POLICY

“Kami tidak suka menaikkan suku bunga, tapi untuk bagaimana menarik investasi portfolio asing yang sedang di luar negeri, suku bunga naik semuanya. Jadi penyesuaian sesuai mekanisme pasar.”

▶ 7:14 POLICY

“Menurunkan batasan pembelian dolar di pasar tanpa underlying yang berlaku mulai Juni adalah 25.000 per pelaku per bulan.”

▶ 7:58 POLICY

Mentioned in this interview

Purbaya Yudi Sadewa: Minister of Finance, whose views on growth and fiscal policy Warjiyo aligns with

PTDSI: Institution for downstreaming and indigenization of natural resources, driving growth

PPDHE: Institution for downstreaming and indigenization of natural resources, driving growth

OJK: Financial services authority coordinating supervision of foreign exchange transactions

QRIS: Payment system expanded to China, Japan, South Korea, and Saudi Arabia

Asta Cita: Priority program for which banks receive liquidity incentives for credit

Earlier, on the same topics

“Indonesia's economy grew 5.61% in the first quarter, the highest growth rate among G20 nations, surpassing China, Singapore, South Korea, Saudi Arabia, and even the United States. This growth exceeds expectations, with consumption rising 5.52%, government consumption up 21.31%, and inflation success”

inflation · May 05, 2026 at 0:28 →

“In terms of monetary policy, first with inflation under control will assess room for further PI rate reduction to support growth. Second, rupia exchange rate stabilization against global volatility through NDF intervention and offshore markets as well as spot intervention DNDF transactions and secon”

inflation · Nov 28, 2025 at 1:04:34 →

“Our monetary policy tagline is 'pro stability and pro growth' — we will maintain exchange rate stability and support growth through low interest rates, liquidity expansion, and sufficient foreign exchange reserves.”

monetary policy · Jan 28, 2026 at 54:41 →

“First, with inflation under control, we will examine the scope for further BI rate cuts to boost growth.”

inflation · Nov 28, 2025 →

Every Perry Warjiyo interview →

More interviews with Perry Warjiyo

Perry Warjiyo Yakin Rupiah Menguat hingga Rp16.800 pada 2027, Bongkar Alasan Ekonomi StabilJun 10, 2026 · Warta Kota Production · 10 min
Gubernur BI Perry Warjiyo Paparkan Proyeksi Ekonomi hingga 2027 di Hadapan DPR RIJun 09, 2026 · METRO TV · 16 min
BI Naikkan Suku Bunga Jadi 5,50%! Perry Warjiyo Pasang Tameng Baru untuk Selamatkan RupiahJun 09, 2026 · KONTAN TV · 8 min
Gubernur BI Perry Warjiyo Ungkap Alasan BI Rate Dinaikkan ke 5,5 Persen, Sebut Cadangan Devisa AmanJun 09, 2026 · Liputan6 · 8 min
Perry Warjiyo Yakin Rupiah Menguat hingga Rp16.800 pada 2027, Bongkar Alasan Ekonomi StabilJun 09, 2026 · Warta Kota Production · 10 min
🔴 Breaking News | DPR Panggil Menkeu Purbaya Hingga Gubernur BI Perry Warjiyo Bahas RAPBN 2027Jun 09, 2026 · BeritaSatu · 64 min

All Perry Warjiyo transcripts →

About Perry Warjiyo

Perry Warjiyo, Governor of Bank Indonesia, has been actively communicating the central bank's policy stance and economic outlook in several meetings with government officials and the House of Representatives (DPR) during May and June 2026. On June 9, 2026, he announced that Bank Indonesia raised the BI rate by 25 basis points to 5.5%, a move he described as necessary to attract foreign portfolio investment and stabilize the rupiah, stating that the central bank "does not like raising interest rates" but that the adjustment was in line with market mechanisms. He also outlined five additional measures, including increasing the yield on SRBI instruments, providing incentives for swap hedging, reactivating repurchase agreement auctions for bank liquidity, and intensifying foreign exchange operations. Warjiyo emphasized that Indonesia's foreign exchange reserves remain "more than sufficient" to support the rupiah, citing an adequacy ratio above 115%. In his appearances before the DPR's Budget Committee on June 9-10, 2026, Warjiyo projected that the rupiah would strengthen to a range of Rp16,800 to Rp17,500 per US dollar by 2027, attributing this outlook to expectations of improving global economic conditions, strong domestic demand, and government policies such as downstreaming and the establishment of new state-owned enterprises. He also forecast economic growth of 5.1% to 5.9% for 2027, with inflation remaining within the target range of 1.5% to 3.5%. Earlier, on May 18, 2026, during a working meeting with Commission XI of the DPR, Warjiyo faced criticism from lawmakers over the rupiah's continued depreciation. Member Primus Yustisio called for his resignation, while Harris Turino questioned the effectiveness of BI's interventions. Warjiyo responded by thanking them for their input and explaining that BI and the government would formulate a new key performance indicator based on exchange rate stability rather than the exchange rate level, predicting the rupiah would strengthen in July and August to an average of Rp16,200 to Rp16,800 for the full year.

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