Menavigasi Ekonomi yang Tidak Pasti: Peran Kebijakan Moneter dalam Menjaga Stabilitas Nilai Rupiah dan Harga

M Rian Alfin H (Universitas PGRI Wiranegara)

Jurnal Bersama Ilmu Ekonomi
Vol. 2 No. 3 (2026): Agustus 2026

Global economic uncertainty, commodity price fluctuations, and foreign capital flows have become major challenges in maintaining national economic stability in recent years. This study aims to analyze the strategic role of monetary policy implemented by Bank Indonesia and the Government, as well as to evaluate its effectiveness in maintaining rupiah exchange rate stability and controlling inflation. The research employs a library research method with a qualitative descriptive approach, referring to secondary data including policy reports, regulations, and scientific studies published between 2021–2026. The findings indicate that key instruments such as policy rate adjustments, open market operations, and exchange rate interventions play a significant role in balancing money supply and market expectations. Furthermore, the effectiveness of monetary policy relies heavily on timely responses to external shocks and strong coordination with macroprudential and fiscal policies. This article concludes that monetary policy serves as a key instrument in navigating economic dynamics, with a primary focus on preserving people’s purchasing power and ensuring sustainable economic growth.