Bank of Indonesia 3rd consecutive rate cut September 19 19:24
The Indonesian central bank has lowered the policy interest rate for three consecutive months to support the economy, as the uncertainty of the global economy has increased due to trade friction between the United States and China.
The Indonesian central bank held a meeting to decide monetary policy for two days on the 18th and 19th, and decided to reduce the policy rate from 5.5% to 0.25% to 5.25%.
The rate cut will be for 3 consecutive months.
Governor Perry said at a press conference, “The trade friction in the United States and geopolitical risks continue to put pressure on the global economy and uncertainty increases.” I made it clear.
Last year, the Indonesian central bank raised interest rates six times to stop the movement of funds invested in emerging countries into the United States.
However, the outlook for the economy has become uncertain due to the fact that the economy has been slowing down due to the effects of trade friction between the United States and China.