Indonesia’s central bank has maintained its benchmark interest rate at 6% for the fourth consecutive month. The bank plans to reassess the potential for rate cuts in H2 2024 amid pressure from rising US treasury yields on emerging-market currencies. The bank aims to stabilize and strengthen the rupiah through various interventions and the sale of securities. Inflation remains within the bank’s target range, with headline inflation at 2.57% and core inflation at a two-year low of 1.68% in January.