The Indonesian rupiah was little changed, standing around 16,830 on Monday after weakening in recent sessions, as holiday-thinned trading kept volumes light. Traders are looking ahead to Bank Indonesia’s policy meeting later this week. In January, the central bank held its key rate steady at 4.75% for a fourth straight month, after delivering a total of 150bps in cuts since September 2024. Recently, a BI official reiterated that there is still room to resume easing if conditions allow. Separately, Finance Minister Purbaya Yudhi stressed that fiscal policy remains focused on supporting growth, while exchange-rate stability falls under the central bank’s mandate. Markets are also awaiting Indonesia’s Q4 current account data due this week, after its first surplus in nearly two years in Q3. Elsewhere, the dollar index was steady in subdued trade, following last week’s softer U.S. inflation data that reinforced expectations of rate cuts by the Fed later this year.