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Bank Indonesia Holds Rate, Boosts Rupiah Intervention at 17k

4/23/2026

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Summary

Story summary

Bank Indonesia kept its benchmark rate at 4.75% for a seventh meeting on Wednesday.
Governor Perry Warjiyo said the bank will step up onshore FX interventions after the rupiah slipped past 17,000 per dollar.
He warned that the Middle East conflict and higher U.S. Treasury yields could widen the deficit to 0.5-1.3% of GDP.
Tighter dollar-buying rules cut average FX transactions to $60 million per day from $78 million as of April 17.

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Story summary

Bank Indonesia kept its benchmark rate at 4.75% for a seventh meeting on Wednesday.
Governor Perry Warjiyo said the bank will step up onshore FX interventions after the rupiah slipped past 17,000 per dollar.
He warned that the Middle East conflict and higher U.S. Treasury yields could widen the deficit to 0.5-1.3% of GDP.
Tighter dollar-buying rules cut average FX transactions to $60 million per day from $78 million as of April 17.