Gerak Saham Bank Besar Menguat Usai BI Tahan Suku Bunga

Bank Indonesia's (BI) decision to maintain its benchmark interest rate at 4.75 percent had a direct impact on the movement of major banking stocks on the Indonesia Stock Exchange (IDX). On Wednesday (November 19, 2025), the majority of Book IV bank stocks showed gains, in line with positive sentiment from monetary policy, which was in line with market expectations.

As of 3:00 PM WIB, shares of PT Bank Central Asia Tbk (BBCA) rose 0.89 percent to Rp8,475 per unit, followed by PT Bank Mandiri (Persero) Tbk (BMRI) which strengthened 0.84 percent to Rp4,830 per unit. PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) also recorded a 0.50 percent increase to Rp3,990 per unit. On the other hand, PT Bank Negara Indonesia (Persero) Tbk (BBNI) actually weakened 0.90 percent to Rp4,420 per unit.

This strengthening banking sector reflects that Bank Indonesia's decision to hold the BI Rate did not surprise the market. Previously, the Central Bank had lowered interest rates six times since September 2024 as part of its monetary policy easing cycle. With no interest rate changes at the BI Board of Governors' Meeting on November 18–19, 2025, market participants viewed policy stability as a positive signal for the banking industry.

In a press conference, BI Governor Perry Warjiyo emphasized that the decision to maintain the BI Rate is in line with the 2025–2026 inflation forecast, which is within the target range of 2.5±1 percent, and is a measure to maintain the rupiah exchange rate amid global uncertainty. According to Perry, BI will continue to monitor the effectiveness of monetary policy transmission and economic developments to determine the scope for further easing.

Despite this, the rupiah remains on a weakening trend and is one of the worst-performing currencies in Asia this year. This situation has put pressure on the market, but the banking sector continues to demonstrate resilience amidst global dynamics. The strengthening of major bank stocks demonstrates investor confidence in Indonesia's banking fundamentals, which are considered quite solid.

Going forward, the market will continue to monitor the direction of BI's monetary policy and the development of the rupiah exchange rate as important indicators of the performance of Indonesia's financial sector and capital markets.

Source: https://www.idxchannel.com/market-news/gerak-saham-bank-besar-usai-bi-tahan-suku-bunga/all