Sri Mulyani has been asked to be the Finance Minister again, analysts say it has a positive effect on the market

TEMPO.CO, Jakarta – Minister of Finance Sri Mulyani Indrawati was also called by the elected president Prabowo Subianto to Kertanegara. Sri Mulyani, known as Ani, said that President-elect Prabowo had asked him to continue serving in the next cabinet as Minister of Finance. Analysts said that this news was a good idea for the market.

Currency and commodities observer Lukman Leongarga noted that there was a very positive response, both in the equity and rupiah markets. “The short-term impact is very big, it is seen that the rupiah can survive and strengthen against the US dollar which is still strengthening,” Lukman told Tempo, Wednesday, October 16 2024 .

However, he continued, the long-term effect is also determined by Bank Indonesia policy factors that are important in influencing the direction of the movement of the rupiah.

“So it’s more about sentiment, at least investors assume that not much will change in the government’s financial policy if the same minister is still in office,” he said.

Mirae Asset Sekuritas analyst, Nafan Aji Gusta, said that the sign that Sri Mulyani could be returning as Finance Minister could be a positive tool for the current market. Because of that, said Nafan, the former Managing Director of the World Bank was seen as the most appropriate figure to fill this position, not only in national circles but also internationally.

“The hope is that the makers will an investor therefore. Because in my opinion there is no doubt about Mrs Sri Mulyani’s credibility. Of course, this is also an advanced tool for market right now,” he said.

For afternoon trading, the rupiah exchange rate strengthened against the US dollar by 78.5 points or 0.50 percent. Referring to Asia Pacific currency exchange rate data from Bloomberg, the rupiah closed at Rp 15,510 per US dollar.

Notice

Previously, Sri Mulyani revealed that she was asked to be the Minister of Finance again after she was summoned to Prabowo’s residence on Jalan Kertanegara Number 4, Kebayoran Baru, South Jakarta on Monday, 14 October 2024.

Sri Mulyani arrived around 19.29 and left at 20.28 WIB. “I talked to Sir for a long time Prabowo“In forming the cabinet, he asked me to be the Minister of Finance again,” he told reporters.

When asked if she accepted Prabowo’s request to be Finance Minister again, Sri Mulyani did not answer clearly. However, he said he was ready to help Prabowo’s government in the future.

“Earlier we discussed measures to strengthen the Ministry of Finance to be able to support its programs,” Sri Mulyani said.

There is a son here contributed to the writing of this article

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