REPUBLIKA.CO.ID, JAKARTA -- Bank Mandiri's chief economist, Destry Damayanti said that the delay in cabinet announcement by President Joko 'Jokowi' Widodo on Wednesday evening became investors concern. It is also being negative sentiment on Rupiah level.
"The delay will raise questions among investors, whether the previous political agreement is a good result or not," Damayanti said in a seminar in Jakarta on Thursday.
Based on data from Jakarta Interbank Spot Dollar Rate (JISDOR), Bank Indonesia (BI), the IDR exchange rate recorded a slight decrease at 12,034 IDR per USD compared to 12,026 IDR per USD in previous trading.
According to Damayanti, IDR exchange rate movement and stock prices are not only depending on the political situation in the country, but also influenced by global economy. Damayanti is still difficult to estimate the next IDR exchange rate with the presence of internal and external factors affecting it.
"If I see the current situation, it is still difficult to estimate Rupiah projection. If such situation still happen, Rupiah cannot back to its fundamental level at 11,500 IDR per USD," Damayanti said.
The expert hopes that Jokowi may soon announce his cabinet ministers to provide certainty for investors and of course to immediately implement programs based on plan in campaign period.
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