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Bank Indonesia Holds Rates Amid Inflation and Global Risks

3/17/2026

46 10 Full Breakdown

Summary

Story summary

Bank Indonesia kept the benchmark interest rate at 4.75% on March 17, 2026.
The decision aligns with forecasts and aims to stabilize rupiah, which weakened to Rp16,985 per US dollar.
Inflation rose to 4.76% in February, above the 1.5%-3.5% target.
Bank Indonesia Governor Perry Warjiyo said there would be no near-term rate cuts due to global risks.
The central bank projects Indonesia's GDP growth for 2026 between 4.9% and 5.7%.

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Story summary

Bank Indonesia kept the benchmark interest rate at 4.75% on March 17, 2026.
The decision aligns with forecasts and aims to stabilize rupiah, which weakened to Rp16,985 per US dollar.
Inflation rose to 4.76% in February, above the 1.5%-3.5% target.
Bank Indonesia Governor Perry Warjiyo said there would be no near-term rate cuts due to global risks.
The central bank projects Indonesia's GDP growth for 2026 between 4.9% and 5.7%.