Bank Indonesia kept its benchmark seven-day reverse repo rate at 5.75% for a third consecutive meeting in September, while the rupiah weakened toward IDR 17,900 per U.S. dollar and was on course for a second weekly loss. The decision was the first policy meeting under newly appointed Governor Destry Damayanti and followed cumulative 100-basis-point increases since May, taking the rate to its highest level since April 2025. The older account describes hikes in May and June, while the newer account says there were three moves since May. The currency has faced pressure from a stronger dollar, higher U.S. Treasury yields, expectations of further U.S. policy tightening, weaker consumer confidence and sluggish household spending. Higher oil prices and lawmakers' push to amend the 2003 State Finance Law to permit deficits above 3% of GDP also raised fiscal concerns. Bank Indonesia left its deposit and lending facilities unchanged and raised its FX swap hedging incentive to 25% to attract foreign capital and curb speculative pressure.