Indonesia central bank to keep key rate at record low

15 June, 2021 12:00 AM printer

JAKARTA: Indonesia’s central bank will likely keep interest rates at record lows on Thursday, a Reuters poll showed, after its governor pledged to keep monetary policy accommodative for a while as inflation remains below target and COVID-19 cases rise.

All 26 economists in the poll unanimously expected Bank Indonesia (BI) to hold the benchmark interest rate at 3.50per cent for a fourth consecutive meeting.