{
  "id": 11304003,
  "title": "Don’t let things slip now",
  "url": "https://urgent.news/2026/10/01/dont-let-things-slip-now",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T23:06:06.000Z",
  "source": {
    "name": "The Jakarta Post",
    "slug": "the-jakarta-post",
    "url": "https://www.thejakartapost.com/opinion/2026/10/02/dont-let-things-slip-now.html"
  },
  "original_language": "en",
  "account": "Navigating through difficult economic times, Suahasil Nazara and Destry Damayanti, the newly appointed Finance Minister and Bank Indonesia Governor, respectively, are facing a challenging period. Just weeks after assuming their roles, they are grappling with the same financial anxieties that plagued the economy throughout the spring and summer. The rupiah has dipped below the critical level of 18,000 per US dollar, while oil prices have soared above $100 per barrel. This comes at a time when global financing costs are rising, putting pressure on the state budget. The stock market has suffered as a result, with the IDX Composite index falling from over 6,600 points a month ago to just over 6,000 on Thursday. Despite an impressive start in the latter half of the year, foreign investment has begun to recede from Indonesian stocks and bonds.\n\nThe situation is further complicated by global turmoil, with the Middle East remaining a volatile region. The ongoing war between Iran and the US has driven up energy prices worldwide, prompting several central banks to implement interest rate hikes to curb inflation. However, BI maintained its benchmark rate unchanged during its first board meeting under Destry's leadership, despite the Federal Reserve's recent increase in the Federal Funds Rate.",
  "summary": "As a battered rupiah, soaring oil prices, and global turmoil test the country's new economic chiefs, their trial by fire will determine whether technocratic discipline can hold against mounting political pressure.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}