Indonesia economy flashes recovery signs as country emerges after Covid-19 crisis

The Bank Indonesia headquarters in Jakarta, Indonesia, on Tuesday, Sept. 21, 2021. Indonesia’s central bank left its benchmark interest rate unchanged at a record low as the economy begins to emerge from the country’s worst coronavirus wave. - Bloomberg

JAKARTA, Sept 21 (Bloomberg): Indonesia’s central bank left its benchmark interest rate unchanged at a record low as the economy begins to emerge from the country’s worst coronavirus wave and financial markets brace for tighter policy in the US.

Bank Indonesia held the seven-day reverse repurchase rate at 3.5% on Tuesday, as expected by all 31 analysts in a Bloomberg survey. The key rate has been at that level since February, and central bank Governor Perry Warjiyo has signaled the bank could remain on hold at least until year-end.