Economics
Indonesia Holds Key Rate to Support an Economy Seen Slowing
- Policy rate kept at 3.5% as expected by all analysts in survey
- Higher food, fuel prices sent March inflation to two-year high
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Indonesia’s central bank kept its benchmark interest rate unchanged to support the economy’s flagging recovery, while working with the government to manage price pressures fueled by the Russia-Ukraine conflict.