The Board of Governors Meeting (RDG) of Bank Indonesia (BI) maintained its policy rate at 4.75%,
with the Deposit Facility Rate at 3.75% and the Lending Facility Rate at 5.50% on November 19, 2025.
This decision is consistent with the short-term policy focus on maintaining the stability Rupiah againts
the US dollar and attracting foreign portfolio investment inflows amid global uncertainty. This
uncertainty is also influenced by the Fed’s cautious approach to lowering the Fed Funds Rate (FFR),
as inflation remains elevated and signs of labor-market weakness persist in the US. At the same time,
disruptions to government operations due to the US shutdown further add to global market risk
pressures.