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Illustration (Photo:Medcom.id/M Rizal)
Illustration (Photo:Medcom.id/M Rizal)

BI Can Lower Its Key Rate Again: Governor

English economic growth (en) indonesian economy (en)
Husen Miftahudin • 22 Juli 2019 17:03
Jakarta: Bank Indonesia (BI) Governor Perry Warjiyo has hinted that the central bank may lower its key interest rate again this year.
 
"We may continue our monetary easing policy," the BI leader said here on Monday.
 
"Economic growth will be better in the second semester of 2019. Inflation will be lower. Rupiah will be stronger," he explained.

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The Bank Indonesia (BI) Board of Governors previoysly agreed to lower the BI 7-day Reverse Repo Rate by 25 bps to 5,75%.
 
"Deposit Facility (DF) rates lowered 25 bps to 5,00% and Lending Facility (LF) rates lowered 25 bps to 6,50%," BI Governor Perry Warjiyo told a press conference here last week.
 
The policy is consistent with low inflation expectations and the need to build economic growth momentum amidst a backdrop of easing global financial market uncertainty and controlled external stability.
 
The monetary operations strategy remains oriented towards ensuring adequate liquidity in the money market and strengthening the transmission of accommodative monetary policy.
 
BI is maintaining an accommodative macroprudential policy stance to encourage bank lending and expand economic financing.
 
In addition, BI constantly strengthens payment system policy and financial market deepening to support economic growth.
 
Moving forward, BI perceives adequate space for accommodative monetary policy in line with low inflation expectations and the need to further stimulate economic growth.

 

(WAH)

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