“This decision is consistent with an inflation estimate that’s still low and maintained external stability, as well as efforts to support economic recovery, ” central bank governor Perry Warjiyo (pic) said in announcing the decision
JAKARTA: Indonesia’s central bank left its key interest rate unchanged at a record low, projecting optimism that the economy is recovering and inflation will remain tame even with new restrictions in place to fight a surge in Covid-19 infections.
Bank Indonesia held the seven-day reverse repurchase rate at 3.75% yesterday, as expected by 28 of 29 economists in a Bloomberg survey. Only one predicted a 25-basis-point cut.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
