Interest Rates Must be Controlled
Tuesday, March 24, 2009
The high interest rate trap has slowed down the banking sector. The government must improve banking regulations and bankers must be more creative.
arsip tempo : 173510308654.
IN the face of the economic slowdown caused by the global crisis, the government must apply two strategies: a fiscal stimulus and financing of the banking sector. The fiscal stimulus is already fairly effective. In order to achieve the economic growth target of 4 percent this year, the government has already increased the budget deficit from Rp51.3 trillion to Rp139.5 trillion, a rise from 1 percent to 2.5 percent of gross domestic product. Of th
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