Indonesia Holds Rates Steady as Currency Pressure Lingers

Bank Indonesia kept its benchmark interest rate unchanged, maintaining a cautious stance as the rupiah continues to reel from recent market turbulence while policymakers weigh growth and stability risks.

The central bank held its BI-Rate at 4.75% on Thursday, extending its pause for a fifth consecutive month amid heightened market volatility. The decision was widely anticipated, with nearly all 32 economists surveyed by Bloomberg News predicting no change.