BI Rate Held Steady, Rupiah Closes Weaker at Rp17,170/US$

Jakarta, CNBC Indonesia - The rupiah exchange rate ended in the red against the US dollar on Wednesday (22/4/2026) trading, amid Bank Indonesia’s (BI) decision to once again hold its benchmark interest rate steady. According to Refinitiv data, the rupiah closed today’s trading with a depreciation of 0.18% to Rp17,170/US.Thismovementreversedtherupiah′spositionafterithadstrengthenedby0.15 in the previous session. Throughout the trading day, the Garuda currency actually opened with a slight gain at Rp17,130/US$, before eventually reversing to weaken until the close. Meanwhile, the US dollar index (DXY), which measures the greenback’s strength against major world currencies, was observed to correct by 0.07% to 98.320 at 3:00 PM WIB. The rupiah’s movement today occurred alongside the announcement of the Bank Indonesia Board of Governors’ Meeting (RDG) results, which again decided to maintain the benchmark interest rate at 4.75%. In the RDG held on 21-22 April 2026, BI also decided to keep the deposit facility rate at 3.75% and the lending facility rate at 5.50%. “The Bank Indonesia Board of Governors’ Meeting on 21-22 April 2026 decided to maintain the BI-Rate at 4.75%,” said BI Governor Perry Warjiyo in the RDG results press conference on Wednesday (22/4/2026). With the BI Rate held steady again in April, this marks the seventh consecutive decision. In the RDG results presentation, BI also stated that the central bank is still actively purchasing Government Securities (SBN) up to April 2026. Recorded, BI’s SBN purchases have reached Rp111.54 trillion as of 21 April 2026. BI Governor Perry Warjiyo explained that these SBN purchases include secondary market purchases amounting to Rp56.3 trillion. According to BI, this step is also part of efforts to maintain rupiah stability. In line with that, the central bank continues to optimise pro-market instruments to attract foreign capital flows, one of which is through Bank Indonesia Rupiah Securities (SRBI).