{
  "id": 15860320,
  "title": "Indonesia’s central bank keeps main rate unchanged but hikes deposit facility rate, to cut RRR",
  "url": "https://urgent.news/2026/10/21/indonesias-central-bank-keeps-main-rate-unchanged-but-hikes-deposit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T07:23:38.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/international/asean/indonesias-central-bank-keeps-main-rate-unchanged-hikes-deposit-facility-rate-cut-rrr"
  },
  "original_language": "en",
  "account": "Indonesia's central bank, Bank Indonesia, maintained its main policy rate at 5.75% on Wednesday, October 21, but raised the deposit facility rate by 25 basis points to 5% and announced plans to lower the reserve requirement ratio for commercial banks in November and December. This decision came in the wake of a sharp decline in the equities market and the rupiah currency hovering near an all-time low. The central bank's governor, Destri Damayanti, stated that the measures would be implemented in stages to support the rupiah and attract foreign inflow. The rupiah experienced a further decline following MSCI's warning that it might classify Indonesian equities as standalone market status, triggering a significant selloff in the market. Analysts had mixed opinions on whether Bank Indonesia would hold or increase rates, with 15 expecting the benchmark to remain at 5.75% and 13 predicting a 25 basis points hike. The rupiah had lost over 7% against the US dollar since June, making it the worst-performing emerging Asian currency in 2021.",
  "summary": "Bank Indonesia kept the benchmark 7-day reverse repurchase rate at 5.75%",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}