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Indonesia Holds Key Rate Steady, Will Focus on Liquidity

  • Benchmark rate maintained at 3.5%, as all in survey expected
  • Central bank reiterates 2021 growth and inflation forecasts
Shoppers look at shoes and sandals a market in Jakarta, Indonesia.

Shoppers look at shoes and sandals a market in Jakarta, Indonesia.

Photographer: Dimas Ardian/Bloomberg
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Indonesia’s central bank left its key interest rate unchanged for a third straight month, pledging to rely primarily on liquidity tools amid signs of a tentative recovery in Southeast Asia’s largest economy.