BE prepared to face an even worse economic condition in 2021. The signal comes from Bank Indonesia (BI) that shaved off its benchmark interest rate to 3.5 percent on Thursday, February 18. A rate cut is indeed a way to get the economy moving more quickly. However, a BI rate cut risks of putting pressure on the rupiah. It was a difficult decision to make. But it seems that the need to boost the economy has been deemed more urgent this time.

Even