Bank Indonesia holds rates as rupiah weakens
Bank says inflationary policies under Trump would boost dollar and lead to fewer Fed rate cuts
Bank Indonesia (BI) kept its benchmark interest rate unchanged for the second month in a row today (November 20) as it highlighted the need to keep the rupiah stable amid rising geopolitical uncertainty.
The governing board decided to keep the benchmark rate at 6%, the deposit rate at 5.25% and the lending rate at 6.75%.
It had unexpectedly cut its three key rates by 25 basis points in September, the first time it had loosened policy since February 2021.
In a statement, the bank said today’s
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