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FX BANK FORECAST · COVERAGE
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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 38 institutional desks. No promotion.
FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 38 institutional desks. No promotion.
BI Rate
5.75%
as of 2026-10-05
Next meeting
Oct 20-21
T-10d
Bank Indonesia is the central bank of the Republic of Indonesia, with a mandate to achieve and maintain rupiah stability covering both price and exchange-rate stability. Monetary policy decisions are taken at the monthly Board of Governors Meeting (Rapat Dewan Gubernur), conducted over two days with the policy announcement on day two.
Policy decisions are announced on the dates above. Source: official central bank schedules.
BI Rate
5.75%
As of 2026-10-05
Next macro event
Interest Rate Decision
Reports referencing BI across covered research desks
| Med |
| 5.75% |
| 5.75% |
| Balance of Trade (Sep) | ID | Med | — | 3.55 |
| Inflation Rate YoY (Oct) | ID | Med | — | 3.28% |
| GDP Growth Rate YoY (Q3) | ID | Med | 5% | 5.29% |
5 most-recent items prefer LLM synthesis where available
Per the full note from ING THINK, Bank Indonesia's decision to hold its policy rate at 5.75% is not the end of its tightening cycle—the source explicitly argues that external vulnerabilities and…
Lead — The desk anticipates that Bank Indonesia will maintain interest rates at 5.75% this week, reflecting a dovish pause and responding to recent IDR strength driven by foreign inflows. However, as…
Per the full note [source], Bank Indonesia is expected to hold rates at 5.75% on Wednesday, with the central bank balancing rupiah stability against growth support. The desk highlights BI's growing…
The recent resignation of Bank Indonesia Governor Perry Warjiyo introduces significant policy uncertainty at a time when investor sentiment toward Indonesian assets was on an upswing. The desk frames…
Bank Indonesia's surprise rate hold at 5.75% signals a pivot toward growth support, prioritizing rupiah stability via SRBI yields and FX intervention rather than further hikes. The decision…
The next Bank Indonesia (BI) policy decision is scheduled for Oct 20-21. Because Bank Indonesia sets monetary policy for the IDR, its rate decisions and forward guidance are among the most important scheduled catalysts for IDR exchange rates, and sell-side FX desks reposition their IDR forecasts around each meeting. FX Bank Forecast tracks how the major investment banks' IDR targets shift before and after BI decisions, so you can see whether the consensus is moving with the policy path or diverging from it. Watching the cross-bank reaction to each meeting is often a more durable signal than any single house call.
Bank Indonesia's policy lean is read from its most recent decisions and guidance. A more hawkish stance — biased toward higher-for-longer rates — tends to be supportive of the IDR, while a dovish, easing-biased stance tends to weigh on it, though the market reaction always depends on what was already priced in. What matters for IDR forecasting is less the stance in isolation than how it compares with what investment banks expected and how it shifts the projected rate path. FX Bank Forecast aggregates how 38 major banks read the BI path and translates it into where the IDR consensus and its dispersion sit.
Monetary-policy expectations are one of the dominant drivers of currency moves, so Bank Indonesia's decisions — and, just as importantly, how they compare with other central banks — feed directly into where strategists set their IDR targets. Relative policy paths (the BI versus the Fed and other majors), the pace of cuts or hikes, and the tone of guidance are the channels through which BI actions transmit into the IDR. FX Bank Forecast compares the published IDR forecasts of 38 major investment banks side by side and shows how that consensus — and the spread of views around it — shifts as the BI outlook evolves.