Bank Indonesia Keeps Rates Steady Amid Rupiah Volatility

Bank Indonesia maintained its policy rate at 5.75% after its meeting on August 18-19, 2026, in a bid to stabilize the rupiah amid global financial uncertainty.

The rupiah has weakened by 7 percent against the US dollar year-to-date as of mid-August 2026, highlighting ongoing currency volatility.

EUR/IDR is trading below its key moving averages, indicating near-term pressure. The exchange rate sits at Rp20,684, having posted a modest decline today and closing near the session low.