Selasa 02 Mar 2021 00:34 WIB
Rep: Lida Puspaningtyas/ Red: Elba Damhuri
Indonesian Bank Interest Rates: Two series of KRL pass with a background of densely populated settlements and multi-storey buildings in the Tanah Abang area, Jakarta. Based on the February 2020 edition of the Board of Governors meeting, Bank Indonesia decided to lower BI 7Day Repo Rate to 3.5 percent. Foto: ANTARA/M Risyal Hidayat
Indonesia considers to lower interest rates to drive national economy activity REPUBLIKA.CO.ID, JAKARTA Indonesia considers to lower interest rates immediately to increase and drive national economic activities. The government said this an important step to be realized.
Claire Jiao and Grace Sihombing, Bloomberg News A motorist rides past closed stores in Seminyak, Bali, Indonesia, on Friday, Jan. 22, 2021. Movement restrictions in Bali were extended by two weeks to Feb. 8 as the government sought to curb the spread of coronavirus infections. , Bloomberg
(Bloomberg) Indonesiaâs economy capped its first annual contraction since the 1998 Asian financial crisis as the regionâs worst coronavirus outbreak continued to sap activity through the fourth quarter.
Gross domestic product in the final three months of 2020 fell by 2.19% from a year earlier, the statistics bureau said Friday. The median estimate in a Bloomberg survey was for a contraction of 2.3%. For the full year, GDP slipped 2.07%, in line with a 2.1% drop economists forecast.