- Bank Indonesia kept the BI Rate at 4.75% in Apr-26, reflecting a calibrated response to persistent global uncertainty, rising inflation pressures, and the need to safeguard Rupiah stability.
- Domestic financial conditions show mixed signals, with a decline in 10Y government bond yields alongside Rupiah depreciation, lower FX reserves, and higher SRBI yields, while credit growth remains relatively resilient.
- The outlook remains balanced, as liquidity support and policy coordination may help sustain growth momentum, although external pressures and inflation risks could continue to pose challenges to Rupiah stability and policy flexibility.
