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View all search resultsBank Indonesia’s (BI) decision last week to increase its reference rate by 50 basis points (bps) to 5.25 percent will negatively impact economic growth in the second half of 2018, a senior economist has said, although the central also introduced a relaxation policy on the loan to value (LTV) ratio in an attempt to booth the property sector.
Bank Indonesia Governor Perry Warjoyo has said the decision to raise BI's seven-day reverse repo rate by 50 basis points (bps) is a further preemptive measure to maintain the competitiveness of the domestic financial market against uncertainty in the global financial market.
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