Indonesian Rupiah: BI on hold as MSCI risk weighs – BBH

FXStreet21 October 2026, 19:42 UTCIndonesia

Elias Haddad at Brown Brothers Harriman reports that Bank Indonesia left its policy rate unchanged at 5.75% for a fourth meeting, even as IDR weakened slightly following MSCI’s downgrade consultation. BI expects the current account deficit to widen by 2026, increasing external funding needs, though ample FX reserves are seen as cushioning further Indonesian Rupiah weakness.

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