Markets · Medium impact

Bank Indonesia Rate Decision

Oct 21, 2026, About 2:00 p.m. Jakarta (3:00 a.m. ET)

The central bank's two-day meeting ends the week after the Jakarta Composite fell 11.57% in a day on MSCI's proposal to reclassify Indonesia as a standalone market and the rupiah traded within 1% of its record low. Bank Indonesia has been intervening in the currency and buying government bonds; the question is whether it defends the rupiah with a rate increase.

Previous: BI rate 5.75%

Expected: Hold at 5.75% (most economists surveyed by local outlets; a 25 bp hike seen as possible if rupiah pressure intensifies)