Bank Indonesia left its benchmark interest rate unchanged on Wednesday to withstand the downward pressure on the rupiah exchange rate.
The board governed by Perry Warjiyo, decided to hold the BI rate at 4.75 percent. The decision came in line with expectations.
The bank had reduced the benchmark rate by 125 basis points thus far this year. The current level of 4.75 percent was the lowest since October 2022.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.