- BI kept its policy rate at 5.75% in April 2025, signaling caution amid increased global uncertainties following Trump's tariffs.
- BI's triple interventions have been quite successful in balancing the need to dampen Rupiah volatility with domestic liquidity.
- Increased uncertainty and the need for SRBI/SBN refinancing limits the room for cuts in the short-term.
- In the meantime, support for growth rely on "passive" measures: letting KLM incentive run its course, and a controlled depreciation of the Rupiah in relative terms.
