Economics
Bank Indonesia Chief Says Rate Is on Hold Amid Global Risks
- Macroprudential steps being used to spur growth, Warjiyo says
- Economists are betting central bank will cut rates this year
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Bank Indonesia is keeping interest rates unchanged for the moment given global uncertainties, and will turn to macroprudential policies to support economic growth, Governor Perry Warjiyo said.
“Our monetary policy is always forward-looking and ahead of the curve,” Warjiyo said in an interview with Bloomberg Television’s Haslinda Amin in Chiang Rai in Thailand. “For the time being, we need to look at the external stability and that’s why were still holding up our interest rate.”