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Don’t Expect BI Rate Cut Just Yet

Monday, May 15, 2023

The hopes of investors and politicians for a boost from lower Bank Indonesia rates seem far from being fulfilled.

arsip tempo : 176597404072.

Ilustration. Tempo/Imam Yunianto. tempo : 176597404072.

THERE has been a lot of positive news about Indonesia’s economy recently. Inflation is trending downwards and the country’s economic performance has exceeded market estimates. Consumer confidence is also on the rise. It is worth noting that there is another important policy that could further stimulate economic growth: interest rate cuts.

Currently, the Bank Indonesia (BI) 7-day Reverse Repo Rate stands at 5.75 percent, a result of s

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Yopie Hidayat

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