Central Bank of Indonesia policy rate this month is unchanged November 21 22:11
The Indonesian central bank has decided to keep the policy interest rate this month, which had been lowered for four consecutive months until last month, with the expectation that trade negotiations between the US and China will progress.
The Indonesian central bank has cut its policy interest rate for four consecutive months until last month, saying it needs to support a slowing economy due to the effects of trade friction between the US and China.
At the meeting of monetary policy that was held for two days until the 21st, the central bank decided to keep the policy rate at 5%.
Governor Perry said at a press conference about the decision, saying that “the uncertainty of the financial markets has been mitigated somewhat,” explaining that he expects that trade negotiations between the US and China will progress. .
Indonesia's announcement of this month's GDP = GDP growth rate from July to September was only 5% higher than the same period last year due to the influence of trade friction between the US and China, and the government target It is difficult to achieve the full year growth rate.
Governor Perry said, “We are closely watching the world ’s economic trends,” and stressed the idea of taking necessary measures in the future after identifying the situation.