Bank Indonesia stands pat despite economy needing help to recover from COVID-slump
TOKYO — Indonesia’s central bank has its hands tied by a slide in the rupiah.
Bank Indonesia on Tuesday kept its benchmark policy rate on hold for the second straight monetary policy meeting. The central bank’s seven-day reverse repo rate of 3.5% is its lowest since at least 2016 when it began using the rate as its benchmark.
Discover the all new
Nikkei Asia app
Discover the all new
Nikkei Asia app
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.
By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our Cookie Policy to learn how you can update your cookie settings.