Bank Indonesia keeps its benchmark interest rate on hold at 6.00%, which was pencilled in by 30 out of 41 analysts in Bloomberg's survey, with the rest expecting a 25bp cut.

• The central bank maintains its growth and inflation forecasts for this year. It expects inflation to be within the +1.5%-3.5% Y/Y range this year, which is deemed to be low and within target. Indonesia's GDP growth is expected to average at +4.7%-5.5% Y/Y this year and continue to rise in 2025.
• This comes minutes after two other Asia-Pac central banks reduced rates by 25bp each, as the Bank of Thailand unexpectedly mimicked Bangko Sentral ng Pilipinas's widely anticipated move.