Bank Indonesia Holds Policy Rate at 4.75%

Bank Indonesia kept its policy rate unchanged at 4.75% to support a stronger rupiah amid USD‑IDR near 17,000.
Bank of America expects the rate to stay steady, noting 12‑month SRBI yields sit about 90 basis points above the policy rate.
The central bank cut its 2026 current‑account deficit forecast by 40 bps to a range of 0.5‑1.3% of GDP.
Primary dealers may now sell offshore NDFs, boosting spot transaction documentation compliance from 89.2% to 93.5%.