After BI Has Choosen - Market Pulse - magz.tempo.co

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After BI Has Choosen

Tuesday, August 27, 2019

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

Governor of Bank Indonesia (BI) Perry Warjiyo (left) together with BI Senior Deputy Mirza Adityaswara (right)/ANTARA Muhammad Adimaja. tempo : 173057200295.

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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