Bank Indonesia Holds Rates Steady as Rupiah Extends Three-Day Decline

Key Facts

1Bank Indonesia decided to keep its benchmark interest rate unchanged during its latest meeting.

2The USD/IDR pair rose for the third consecutive day, trading around 18,040 during European hours.

Bank Indonesia decided to keep its benchmark interest rate unchanged during its latest meeting. FXStreet reported that the USD/IDR pair rose for the third consecutive day, trading around 18,040 during European hours on October 21, 2026.

The central bank maintained the interest rate at 5.75% on October 21, 2026, matching the previous level but falling short of the 6% forecast. This decision maintained downward pressure on the Indonesian Rupiah as the US Dollar showed continued strength.