KONTAN.CO.ID - JAKARTA. Indonesia's central bank is expected leave its key policy rate unchanged at a record low for the rest of the year to support an economic recovery, while trying to maintain financial market stability, a Reuters poll showed on Friday. Bank Indonesia (BI) will keep the 7-day reverse repurchase rate at 3.50% at a policy meeting on Tuesday, where it has been since February, all 27 analysts surveyed by Reuters said. Twenty-three of the respondents who gave longer term views predicted no change in the benchmark for all of 2021, and some expected BI to unwind some of its easing by the first half of 2022.
POLL-Bank Indonesia seen holding rates steady to support recovery
KONTAN.CO.ID - JAKARTA. Indonesia's central bank is expected leave its key policy rate unchanged at a record low for the rest of the year to support an economic recovery, while trying to maintain financial market stability, a Reuters poll showed on Friday. Bank Indonesia (BI) will keep the 7-day reverse repurchase rate at 3.50% at a policy meeting on Tuesday, where it has been since February, all 27 analysts surveyed by Reuters said. Twenty-three of the respondents who gave longer term views predicted no change in the benchmark for all of 2021, and some expected BI to unwind some of its easing by the first half of 2022.