April 22, 2026 | 06:00 pm
TEMPO.CO, Jakarta - Bank Indonesia (BI) has decided to maintain the benchmark interest rate or BI Rate at 4.75 percent. The decision was made at the Board of Governors Meeting held on April 21-22, 2026.
"Based on various assessments of the prospects, the Board of Governors meeting of Bank Indonesia on April 21-22, 2026, decided to maintain the BI Rate at 4.75 percent," said Perry in a virtual press conference on Wednesday, April 22, 2026. BI also decided to maintain the deposit facility interest rate at 3.75 percent and the lending facility interest rate at 5.50 percent.
Perry stated that the decision remains consistent with efforts to enhance the effectiveness of the interest rate structure adjustment strategy for monetary operations to strengthen the stabilization of exchange rates from the adverse impact of the deteriorating global economy due to the war in the Middle East. He expressed that BI is ready to take further strengthening measures to maintain the stability of the rupiah exchange rate and keep the 2026-2027 inflation within the target of 2.5 plus or minus 1 percent.
Previously, the University of Indonesia's Institute for Economic and Social Research (LPEM UI) recommended that BI hold the benchmark interest rate at 4.75 percent. This is because the high inflation risk amid the surge in energy prices needs to be considered.
"In this condition, we believe that Bank Indonesia needs to maintain the BI Rate at the level of 4.75 percent, prioritizing external stability while monitoring inflationary pressures," as stated by the LPEM FE UI research team in the BI Board of Governors Macroeconomic Analysis Series released on Tuesday, April 21, 2026. LPEM FEB UI noted that although domestic inflation is easing, global uncertainty increases its risks. The conflict in the Middle East has also begun to impact the outflow of capital and weaken the rupiah.
Ilona Estherina contributed to the writing of this article
Read: Rupiah Strengthens Ahead of Bank Indonesia Board Meeting Decision
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