Covid-19 measures: Bank Indonesia may further cut holding rates in Q1; virus total tops 917,000


JAKARTA, Jan 18 (Reuters): Indonesia's central bank will likely keep interest rates steady on Thursday but could cut them as early as the first quarter of 2021 as the country continues to grapple with the fallout of the Covid-19 pandemic, a Reuters poll showed on Monday.

All but two of 25 analysts in a Reuters poll expected Bank Indonesia (BI) to keep the benchmark 7-day reverse repurchase rate at 3.75%, with two others predicting a 25 basis point rate reduction this week.

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