Bank Indonesia (BI) maintained its benchmark interest rate unchanged at 4.75% during its November 2025 policy meeting, in line with expectations. The rate remains at its lowest level since October 2022, following cumulative cuts of 150 bps since September last year. The decision reflects the central bank’s view that inflation for 2025–2026 will stay within the target range of 2.5% ± 1%, supported by a stable rupiah and continued measures to sustain economic growth. Recent data showed that GDP grew 5.04% year-on-year in Q3, easing from the two-year high recorded in Q2, while annual inflation accelerated to 2.86% in October, the highest since April 2024, though still within BI’s target range. BI also left the overnight deposit facility rate and the lending facility rate unchanged at 3.75% and 5.50%, respectively.