Economics
Bank Indonesia Signals Another Rate Cut Could Be on the Table
- Further easing possible if inflation manageable: Martowardojo
- Indonesia cut rates six times last year to spur growth
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Indonesia’s central bank has signaled a return to the easing bias that dominated its rates agenda last year.
Bank Indonesia was Asia’s biggest rate cutter in 2016, easing policy six times until it hit the pause button late in the year. Now, with price pressures fading again, the bank’s governor Agus Martowardojo has said policymakers aren’t closing the door on further action.