BI Rate Hiked, Banks to Prepare Gradual Interest Rate Adjustments

PT Bank Mandiri (Persero) Tbk has stated that adjustments to deposit and lending interest rates will be carried out in a measured and gradual manner after Bank Indonesia (BI) raised the benchmark interest rate, or BI Rate, by 25 basis points (bps) to 5.5 percent. Bank Mandiri Corporate Secretary Adhika Vista said the company welcomed BI’s decision to raise the BI Rate during the weekly Board of Governors Meeting on Tuesday (9/6/2026). “Bank Mandiri views this policy as an appropriate step and one that strengthens the foundation of national macroeconomic resilience in the medium term,” Adhika said in a written statement on Tuesday (9/6/2026).

According to him, the interest rate hike reflects the central bank’s firmness in maintaining the stability of the rupiah exchange rate amidst external pressures stemming from global turmoil, including the conflict in the Middle East and the outflow of foreign portfolio investments from the domestic market.

In addition to maintaining rupiah stability, the policy is also considered an anticipatory step to ensure inflation in 2026 and 2027 remains within the government’s target of 2.5 plus or minus 1 percent.

Adhika said Bank Mandiri will continue to perform its intermediation function by maintaining a balance between customer needs, sustainable business growth, and the principle of prudence in risk management. “Every adjustment to deposit and lending interest rates will be carried out in a measured and gradual manner,” he said.

According to him, this step is in line with Bank Mandiri’s role as a strategic partner of the government in supporting various sectors driving the national economy.