After the meetings on Tuesday and Wednesday, BI confirmed that it would maintain the BI rate at 6 percent, the Deposit Facility interest rate at 5.25 percent and the Lending Facility at 6.75 percent.

In an official press release, the central bank said its decision to keep the BI rate unchanged was aligned with the government's focus on maintaining the stability of the rupiah exchange rate.

Another reason was to ensure that inflation remained within the target range of 2.5±1 percent for this year.

Meanwhile, the IDX Composite index weakened by 1.21 percent over the week.

The total transaction volume on Wednesday reached 19.65 billion units, with a total value of Rp 10.34 trillion (US$656.90 million).

Among all listed stocks, 296 units were corrected, 261 remained flat and 213 managed to gain. Five declining sectors pushed the Composite index into the red zone.

The technology sector fell by 3.14 percent, and the financial sector decreased by 0.35 percent. The transportation and logistics sectors also declined by 0.23 percent, followed by the property and real estate sector, which weakened by 0.22 percent.

On the other hand, six sectors strengthened despite the overall decline.

The healthcare sector went up by 2.05 percent, while the non-primary consumer goods sector increased by 1.02 percent and the primary consumer goods sector rose by 0.38 percent.

The top three losers on Wednesday were PT Mitra Pack (PTMP), which plummeted by 20.86 percent, followed by PT GoTo Gojek Tokopedia (GOTO) by 9.72 percent and PT Bukalapak.com (BUKA) by 4.23 percent.

Meanwhile, PT Ace Hardware Indonesia (ACES) was the top gainer, with a 10.06 percent increase, followed by PT Kalbe Farma (KLBF), whose stock went up by 4.59 percent and PT Industri Jamu and Farmasi Sido Muncul (SIDO), which increased by 4.13 percent.