# Bank Indonesia holds rates steady, focus remains on 'undervalued' rupiah | Reuters

> Bank Indonesia held its benchmark rate at 4.75% for a fifth straight review, as widely expected. The central bank's focus remains on the rupiah, which has been trading near record lows after market turmoil over concerns about central bank independence.

- Date: 2026-02-19 · published 2026-02-19T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/20906-bank-indonesia-holds-rates-steady-focus-remains-on-undervalued-rupiah-reuters
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A weak rupiah raises the cost of imported feed ingredients such as soybean meal and corn for Indonesian buyers, while a steady rate stance limits near-term currency support.

## Read by commodity

- SBM: neutral
- USDIDR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-10-19 | [Indonesia c.bank unexpectedly raises rates amid falling rupiah \| Reuters](https://feedsoft.ai/events/33952-indonesia-c-bank-unexpectedly-raises-rates-amid-falling-rupiah-reuters.md) | +4.7% | +14.4% |
| SBM | 2017-10-31 | [Bank Indonesia Ungkap Penurunan Nilai Tukar Rupiah Pekan Lalu](https://feedsoft.ai/events/68757-bank-indonesia-ungkap-penurunan-nilai-tukar-rupiah-pekan-lalu.md) | +1.2% | +3.6% |
| SBM | 2024-08-30 | [Brazil Real Swings on Fiscal Woes, Central Bank Interventions](https://feedsoft.ai/events/29017-brazil-real-swings-on-fiscal-woes-central-bank-interventions.md) | +3.0% | +4.7% |
| SBM | 2016-11-11 | [Indonesian rupiah falls most since 2011 over Trump's protectionist trade policy fears](https://feedsoft.ai/events/74150-indonesian-rupiah-falls-most-since-2011-over-trump-s-protectionist-trade-policy.md) | -0.3% | +1.1% |
| SBM | 2020-11-26 | [Brazilian Real is the most undervalued EM currency - IIF - Forex Crunch](https://feedsoft.ai/events/50343-brazilian-real-is-the-most-undervalued-em-currency-iif-forex-crunch.md) | -1.0% | +5.0% |

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/bank-indonesia-holds-rates-steady-focus-remains-undervalued-rupiah-2026-02-19/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.