BI Lifts Benchmark Rate to 5.75%; Mirae Asset Sees Scope for Additional Tightening
PT Mirae Asset Sekuritas Indonesia views Bank Indonesia's (BI) decision to raise its benchmark interest rate by another 25 basis points to 5.75% as a strong commitment by the central bank to maintaining rupiah stability amid ongoing global uncertainty. This marks the third consecutive rate hike over the past two months, bringing total monetary tightening to 100 basis points since April 2026.
PT Mirae Asset Sekuritas Indonesia views Bank Indonesia's (BI) decision to raise its benchmark interest rate by another 25 basis points to 5.75% as a strong commitment by the central bank to maintaining rupiah stability amid ongoing global uncertainty. This marks the third consecutive rate hike over the past two months, bringing total monetary tightening to 100 basis points since April 2026.
