Indonesia Central Bank Maintains Rates to Stabilize Rupiah

Bank Indonesia focuses on currency stability amid global uncertainty following U.S. election.

Bank Indonesia kept its benchmark interest rate at 6.00%, aligning with analysts' expectations.
The decision reflects the central bank's priority to stabilize the rupiah amid global economic volatility.
Governor Perry Warjiyo highlighted geopolitical risks and potential U.S. policy shifts under President-elect Trump as key factors.
Despite inflation being within target, the central bank sees limited capacity for rate cuts due to global uncertainties.
Indonesia's economic growth in the third quarter was 4.95%, below the 8% target set by President Prabowo Subianto.