Indonesia seen keeping rates at record low at 2020’s final meet

JAKARTA: Indonesia’s central bank is expected to keep its key interest rate unchanged at the year’s final policy meeting on Thursday, having cut five times and launched massive quantitative easing (QE) to fight the impact of the pandemic, a Reuters poll showed.

Eighteen of 22 analysts in a Reuters poll forecast Bank Indonesia (BI) will maintain the seven-day reverse repurchase rate at its record low of 3.75%, while four others predicted a 25-basis-point (bps) cut.