JAKARTA: Indonesia’s central bank left its benchmark interest rate at a record low to protect the currency amid uncertainty about the course of the pandemic, and said it had formulated a plan to deal with eventual United States policy tightening.
Bank Indonesia (BI) kept the seven-day reverse repurchase rate at 3.5% yesterday, as all 28 analysts in a Bloomberg survey expected. Interest rates have been on hold since February’s 25-basis point reduction, and are widely expected to stay at this level throughout 2021.
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