Indonesia, with record-low key rate, in a bind as US borrowing pushes up interest rates

With fewer people coming to Jakarta to find work sales are nowhere near where they were before the pandemic. PHOTO: AFP
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JAKARTA - Six months ago, as Indonesia's economy cratered amid spiralling Covid-19 infections, Mr Hendy Salim, branch manager at the PT Uniparamandala Pathya Honda motorcycle dealership in South Jakarta struggled to make a sale.

Customers couldn't get financing or went into arrears on payments because they lost their jobs.

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