Indonesia central bank seen holding rates steady amid COVID curbs, Fed tapering talk

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JAKARTA : Indonesia's central bank will keep its benchmark interest rate at a record low on Thursday as it tries to continue to support the economic recovery without adding more pressure on the rupiah amid U.S. tapering concerns, a Reuters poll showed on Monday.All but one of 24 analysts surveyed by Reute

JAKARTA : Indonesia's central bank will keep its benchmark interest rate at a record low on Thursday as it tries to continue to support the economic recovery without adding more pressure on the rupiah amid U.S. tapering concerns, a Reuters poll showed on Monday.

Meanwhile, concerns the U.S. central bank may soon start unwinding its pandemic-era stimulus has sent the rupiah down about 0.5per cent over the past week. Governor Perry Warjiyo pledged a long period of low interest rates as the new COVID-19 wave delays the economic recovery in an interview with Reuters earlier this month.

 

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