Indonesia keeps key rate unchanged

Growth forecast: People exit Bank Indonesia headquarters in Jakarta. The central bank already sees growth coming in below the midpoint of its 5%-5.4% target for this year. — Bloomberg

JAKARTA: Indonesia’s central bank left its benchmark interest rate unchanged for a seventh month but left the door open for future easing amid a prolonged US-China trade war and the Federal Reserve’s willingness to cut.

The seven-day reverse repurchase rate was left at 6% yesterday, as predicted by 28 out of 35 economists surveyed by Bloomberg. The rest forecast a cut of 25 basis points.