Rupiah Firms as BI Holds Key Rates

2025-11-19 08:07 By Farida Husna 1 min. read

The Indonesian rupiah strengthened to around 16,700 on Wednesday afternoon, snapping six sessions of weakness after the central bank maintained its benchmark rate at 4.75%, as expected.

The decision reflected confidence that inflation will remain within the 2-1/2%±1% target range this year and next, alongside efforts to stabilize the currency amid global uncertainty and improve policy transmission.

The hold follows an October pause after 150bps of cuts over the past year aimed at supporting growth.

President Prabowo Subianto seeks to lift economic growth to 8% during his term, up from around 5% before the pandemic.

Despite the rebound, the rupiah remains down about 3.8% against the dollar this year.

Governor Perry Warjiyo noted that there is still room for further cuts despite stressing that any move will be data-dependent.

Globally, the dollar index hovered near 99.6 as fading expectations of a near-term Fed rate cut lingered amid sticky inflation, while traders awaited key U.S.

data.



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