Goldman Sachs economists stated in a research report that Bank Indonesia is likely to keep its benchmark interest rate unchanged at its meeting on Thursday. The US investment bank noted that while risks of a rate hike persist, particularly in light of the recent depreciation of the Indonesian rupiah, the government appears to be resisting a direct increase in the policy rate. Consequently, Goldman Sachs indicated that Bank Indonesia may currently favor employing alternative measures to support the currency and contain inflationary pressures. The report added that, in practice, the central bank has already tightened monetary conditions through its monetary instrument known as Bank Indonesia Rupiah Securities. Data showed the US dollar rose 0.1% against the Indonesian rupiah to 17,710, after earlier reaching a record high of 17,745.