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