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View all search resultsBank Indonesia (BI) will further slash the nation’s benchmark interest rate by 50 basis points (bps) in 2020 to stoke economic growth amid weak domestic demand that was dragged down by a slowdown in investment, according to projections by Fitch Solutions Macro Research.
The governor of Bank Indonesia says businesses were in a “wait-and-see” mode as a trade war has increasingly muted global demand and trade, causing economic slowdowns in large countries like the United States, China, Japan, Germany, the United Kingdom and India. Geopolitical risks stemming from Brexit uncertainties have also weighed down growth prospects, he added.
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