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fxAug 19, 2026, 3:24 PM

Bank Indonesia Holds Rate at 5.75% to Support Rupiah

Bank Indonesia kept its benchmark rate at 5.75% for a second straight month, with BNY's Geoff Yu saying the decision is aimed at backing the rupiah.

USDIDR

Bank Indonesia left its benchmark rate unchanged at 5.75% for a second consecutive month. According to BNY's Geoff Yu, the hold is intended to support the Indonesian rupiah.

The decision comes during Acting Governor Destry Damayanti's early tenure. The central bank's steady policy stance signals a focus on currency stability.

No additional policy changes were mentioned in the post.

Source: FXStreet Forex News