Bank Indonesia Holds Rate, Lifts Deposit Facility as Stocks Suffer Worst Rout Since 1998

Bank Indonesia held its benchmark rate at 5.75% on Oct. 21, 2026, for a fourth straight meeting while raising the deposit facility rate to 5.00% to stem a currency and equity rout. The move followed a two-day stock collapse described as the steepest since the 1998 Asian financial crisis.