Bank Indonesia to Keep Rates Steady at 4.75% in November, Possible Cut in December

Bank Indonesia has announced that it will keep its benchmark interest rate at 4.75% during its upcoming meeting on November 19. Despite holding rates steady, analysts speculate that the central bank may implement a rate cut as early as next month. Economic data in recent weeks have pointed to slowing inflationary pressures, prompting speculation about future monetary easing. The decision to hold rates unchanged is seen as a cautious approach, reflecting a desire to ensure economic stability amid external risks.