BI: Stimulus May Boost Investment | KF Map – Digital Map for Property and Infrastructure in Indonesia
BI: Stimulus May Boost Investment
Wednesday, 26 February 2020
The Central Bank of Indonesia (BI) is confident that government stimulus of Rp1 trillion to Rp3 trillion, combined with accommodative policies from BI will be effective to maintain Indonesia’s economic growth at 5% to 5.4% ranges. Previously, BI estimated that Indonesia’s economic will grow in the 5.1% to 5.5% ranges. The lower estimation is followed by the cut in key interest rate of 25 basis points as a preemptive in maintaining domestic economy growth amid global recovery restriction due to Covid-19.
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