JAKARTA : Indonesia's central bank left interest rates at a record low on Thursday, saying it was monitoring risks from rising inflation while downplaying recent pressure on the rupiah currency.
BI remains one of the few major Asian central banks not to have lifted rates from a pandemic record low since inflation has held within its 2 per cent-4 per cent target range. The Philippine central bank hiked rates for a second consecutive policy meeting on Thursday. Inflation may slightly overshoot its target this year to 4.2 per cent by year-end, he reiterated, adding the authorities had been taking rupiah stabilisation measures to contain imported inflation. Headline inflation in May stood at 3.55 per cent on year.
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