Indonesia central bank held its benchmark interest rate at 5.75%. The bank believes the current interest rates are adequate in keeping core inflation within the 3.0±1% range for the rest of 2023, while headline inflation may return to the 3.0±1% target earlier than previously projected. The country’s annual inflation rate fell to 4.97% in March, the lowest in seven months. Policymakers also acknowledged the recent rupiah appreciation and predict further gains with support from capital inflows. The overnight deposit and lending facility rates were retained at 5% and 6.5%, respectively.