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Jakarta Post

BI to continue easing amid slow global growth, soft inflation

  • Marchio Irfan Gorbiano and Esther Samboh

    The Jakarta Post

Jakarta   /   Thu, September 12 2019   /  12:28 am
Destry Damayanty (Courtesy of LPS)

Destry Damayanty (Courtesy of LPS)Bank Indonesia (BI) will continue monetary easing using rate and non-rate tools to help jack up domestic economic growth against the backdrop of a global economic slowdown and benign consumer prices.“Our stance for easing policies would remain,” said BI senior deputy governor Destry Damayanty in a recent interview with The Jakarta Post. “We can also [further] lower our rate as there’s still room.”From the United States to Asian countries, central banks have been slashing their monetary policy rates in recent months to stoke domestic economic growth in the face of what could well turn out to be a global recession stemming from trade tensions around the world.BI has lowered its policy rate, the seven-day reverse repo rate, by 50 basis points (bps) in the past two months to 5.5 percent. BI Governor Perry Warjiyo said after BI’s monthly policy me...