Indonesia's central bank is expected to keep interest rates steady to stabilize the rupiah.

Bank Indonesia is expected to keep interest rates unchanged on November 20 to stabilize the Indonesian rupiah, which has depreciated nearly 5% since September. This decision aims to counter potential US dollar strength due to incoming US policies. Despite low inflation within the target range, economists predict the central bank will maintain its benchmark rate at 6.00%, with a possible small cut in December.

4 months ago
3 Articles