Indonesia's central bank focused on growth and is in no rush to raise rates

BENGALURU, Nov 16 (Reuters): Indonesia's central bank will wait until the end of next year before raising interest rates as it tries to aid the economic recovery from the Covid19 pandemic, keeping a close watch on any US Federal Reserve policy moves, a Reuters poll found.

Since the pandemic started, Bank Indonesia (BI) has cut interest rates by a total of 150 basis points and allowed banks to issue loans for the purchase of vehicles and properties without requiring a down-payment to support demand.