Indonesia’s central bank held its key interest rate at 6.25%. The bank noted that it remains committed to supporting the rupiah through continued intervention in the FX market. Despite global uncertainties, the rupiah shows signs of strength, attributed to recent central bank policies and positive economic prospects. Officials emphasized the focus on stability and expect headline inflation to stay within the 1.5%-3.5% target range for 2024 and 2025. The bank also maintains a GDP growth target of 4.7%-5.5% for 2024 and anticipates strong credit growth.