Indonesia’s central bank will likely keep its benchmark interest rate at a record low as it seeks to ensure the economic recovery is firming up.
Bank Indonesia is expected to hold its seven-day reverse repurchase rate at 3.5% on Tuesday, according to all 30 economists surveyed by Bloomberg. With inflation staying below the central bank’s 2%-4% target for the 16th straight month in September, the monetary authority has ample space to keep policy loose while waiting for the growth momentum to strengthen.
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October 19, 2021 at 05:00AM
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Indonesia to Fuel Recovery With Steady Rates: Decision Guide - Bloomberg
"fuel" - Google News
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