The rice fields are washed away. The coconut trees and chilli plants, flooded with salt water, are all dead. The farmers’ fish ponds fail, the water so high that the fish swim over the nets. And rubbish, carried by the tides, floats in and out of homes with doors that …
Read More »Indonesia’s central bank cuts growth outlook, holds rates steady
Bank Indonesia keeps benchmark interest rate at 3.50 percent, in line with forecasts. Indonesia’s central bank has cut its 2022 economic growth outlook amid risks from inflation and geopolitical tensions while it left interest rates at a record low to bolster the recovery. Bank Indonesia (BI) on Tuesday kept the …
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