After BI Has Choosen

Instead of stability, Bank Indonesia (BI) has sided with growth.

Tempo

August 27, 2019

 

That was what happened when it lowered its benchmark interest rate, the BI 7-Day Reverse Repo Rate, Thursday, 22 August. It was a bold decision when markets are anxiously waiting for the coming of a recession, or even the outbreak of a crisis.

BI was able to be so bold because it believes the inflation will stabilize, not going over the midpoint of the target range which was set at 2.5-4.5 percent. And low inflation does not only show pr

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