Economics
Indonesia Holds Rates, Pledges ‘Pro-Growth’ Policy Into 2022
- Interest rate kept at 3.5%, as seen by all analysts in survey
- Virus surge threatens recovery, adds pressure to the currency
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Indonesia’s central bank left its benchmark rate unchanged and pledged to maintain a “pro-growth” policy into next year as one of the most severe Covid outbreaks in the world puts the economy’s recovery at risk.