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Jakarta Post

Discourse: 'Indonesia still has much room to grow'

  • The Jakarta Post

  /   Mon, September 16 2019   /  02:22 am
Destry Damayanti (JP/Wienda Parwitasari)(JP/Wienda Parwitasari)

Destry Damayanti (JP/Wienda Parwitasari)Bank Indonesia (BI) has lowered its benchmark rate by 50 basis points (bps) since July this year amid potential turbulence in the global economy, which prompted central banks around the world to shift to easing mode. Such a move is part of the central bank’s “policy mix” to maintain economic stability and achieve its economic growth target of between 5 percent and 5.4 percent, despite growing uncertainty in the global economy.The Jakarta Post’s Esther Samboh and Marchio Irfan Gorbiano recently talked to BI’s appointed senior deputy governor, Destry Damayanti, on the central bank’s policy stance, among other topics. Below is an excerpt from the conversation, edited for length and clarity.Question: What is your general view if — in a worst-case scenario — the world headed into a recession and the impact it would have on Indonesia?Answ...