Indonesia’s central bank held its benchmark interest rate at 5.75% for the seventh consecutive month, aligning with market forecasts. The bank emphasized its strategy to keep inflation, which decelerated to 3.98% YoY in July, within the 2%-4% target range through 2024. Rates for the overnight deposit and lending facilities also remained fixed at 5.00% and 6.50%, respectively. The bank reiterated its mandate to stabilize the depreciating rupiah and support economic growth.