Bank Indonesia to hold key rate at 6% on Oct. 16 amid rupiah concerns: Reuters poll

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BENGALURU : Bank Indonesia (BI) will leave interest rates unchanged on Wednesday despite inflation falling to its lowest level since 2021, as receding expectations of aggressive U.S. Federal Reserve easing weaken the rupiah, a Reuters poll found. Inflation eased to a multi-year low of 1.84 per cent in September and has been within BI's target of 1.5 per cent to 3.5 per cent throughout 2024, suggesting the central bank could further lower rates before year-end. Despite BI's intervention to

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