{
  "id": 15861649,
  "title": "BI holds rate despite seeing hawkish Fed stance",
  "url": "https://urgent.news/2026/10/21/bi-holds-rate-despite-seeing-hawkish-fed-stance",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T07:33:07.000Z",
  "source": {
    "name": "The Jakarta Post",
    "slug": "the-jakarta-post",
    "url": "https://www.thejakartapost.com/business/2026/10/21/bi-holds-rate-despite-seeing-hawkish-fed-stance.html"
  },
  "original_language": "en",
  "account": "Indonesia's central bank, BI, maintained its benchmark interest rate at 5.75 percent despite anticipating a tight monetary policy from the United States Federal Reserve. During the bank's monthly two-day policy meeting, BI Governor Destry Damayanti declared the rate would remain unchanged since June. She explained the global outlook as \"higher for longer,\" due to the \"high likelihood\" of a rate hike from the Fed. The decision was made a week before the Fed's scheduled meeting on October 27 and 28. A majority of interest rate traders, according to CME Group's FedWatch Tool, predict the Fed will keep its Federal Funds Rate unchanged during the upcoming meeting. However, most expect a 25-basis point increase at the December FOMC meeting. Indonesia's monetary authority has raised the interest rate three times, from May to June, by a total of 100 basis points, to curb the rapid depreciation of the rupiah amid global pressure on emerging market currencies.",
  "summary": "Bank Indonesia (BI) has kept its benchmark interest rate unchanged even though it expects the United States Federal Reserve to pursue a tight monetary policy.",
  "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."
}