Bank Indonesia holds rates, signals focus on rupiah stability amid capital outflows
The rupiah has fallen 3.8% this year and is Asia’s worst-performing currency
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[JAKARTA] Bank Indonesia (BI) held its benchmark rate on Wednesday (Nov 19) for the second consecutive meeting since October, signalling a renewed focus on stabilising the rupiah amid persistent capital outflows.
The central bank kept the policy rate at 4.75 per cent, in line with Bloomberg’s surveyed market expectations; it kept its other key rates steady –5.50 per cent for the lending facility, and 3.75 per cent for the deposit facility.
Governor Perry Warjiyo said the move underscores BI’s short-term focus on supporting currency stability and attracting foreign portfolio inflows.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
