17 Mar 2026 | News & Feature

BI Policy: Standing by the floodgate

  • The BI rate is left unchanged at 4.75%, reflecting limited policy options due to continued pressure on the Rupiah.
  • BI appears to still rely on market intervention to stabilise the Rupiah, while SRBI and other liquidity absorption instruments have seen more limited use.
  • The expected shift in major central banks’ policy signals means that a controlled adjustment to the Rupiah’s exchange rate may prove inevitable.