Forecasting JCI and rupiah movements amidst various prevailing sentiments.

Jakarta, CNBC Indonesia – The release of Indonesian economic data—showing rising inflation, a trade deficit, and a contraction in the Manufacturing PMI—has become a focal point for financial market participants in the country.

Farash Farich, Chief Investment Officer at BNI Asset Management, views these economic data releases as "lagging indicators" that reflect the state of Indonesia's economy; they confirm the factors behind the Rupiah's depreciation in the second quarter of 2026, as well as the trends observed in stock and bond markets.

Meanwhile, global sentiment regarding geopolitical developments in the Middle East is also influencing Indonesia's financial markets, including the direction of fiscal and monetary policy—specifically Bank Indonesia's decision to raise its benchmark interest rate (the BI Rate).

How do market participants view the sentiment overshadowing Indonesia's financial markets? Watch the full analysis by Farash Farich, Chief Investment Officer at BNI Asset Management, on CNBC Indonesia's *Squawk Box* (Friday, July 10, 2026).