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Macroeconomic Analysis Series: BI Board of Governors Meeting, November 2025

Author

Listed:
  • Jahen F. Rezki

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Teuku Riefky

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Faradina Alifia Maizar

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

  • Difa Fitriani

  • Mervin Goklas Hamonangan

  • Hardy Salim

  • Alif Ihsan A Fahta

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

Abstract

Indonesia is entering the final quarter of 2025 with rising inflation, renewed external pressures, and growing investor caution. Headline inflation climbed in October as food prices remained elevated due to weather related supply disruptions and robust gold prices continued to push up core components. At the same time, capital outflows intensified despite the Fed’s rate cuts, driven by escalating concerns over fiscal and quasi fiscal risks, particularly following recent policy shifts involving the government’s plan to take over the Whoosh high speed rail debt. These developments weakened Rupiah and heightened the importance of policy credibility. In this environment, maintaining the policy rate at 4.75% in the upcoming Board of Governors meeting would best support Rupiah stability and strengthen confidence in Bank Indonesia's policy stance.

Suggested Citation

  • Jahen F. Rezki & Teuku Riefky & Faradina Alifia Maizar & Difa Fitriani & Mervin Goklas Hamonangan & Hardy Salim & Alif Ihsan A Fahta, 2025. "Macroeconomic Analysis Series: BI Board of Governors Meeting, November 2025," LPEM FEBUI BI Board of Governor Meeting Brief 202511, LPEM, Faculty of Economics and Business, University of Indonesia, revised Nov 2025.
    • Handle: RePEc:lpe:gomeet:202511
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    File URL: https://lpem.org/repec/lpe/queouts/BBG202511.pdf
    File Function: First version, 2025
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