Economics

Indonesia’s Warjiyo Sees Low-Rate Environment Lasting Long Time

  • Bank Indonesia pledges to use all instruments to spur growth
  • Indonesia economic growth for 2019 seen at 5.05%, Warjiyo says
Perry WarjiyoPhotographer: SeongJoon Cho/Bloomberg
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The global slowdown and trade war have created an environment in which “low interest rates for longer” is the new normal, Bank Indonesia Governor Perry Warjiyo said.