JAKARTA. The meeting of BI or the Central Bank’s Board of Governor this month decided to maintain BI 7-day reserve repo rate at the level of 4.75%. This decision aims at anticipating global and domestic risks. The risks include Trump’s fiscal policy, which will be more expansive. Trump’s policy direction is predicted to bring serious risk for the domestic economy. Executive Director of Economic and Monetary Policy Department of BI Juda Agung assessed that Trump apparently will not implement some of his promises during campaign period. However, there will be fiscal adjustments, which may increase the budget.
BI held benchmark rate at 4.75%
JAKARTA. The meeting of BI or the Central Bank’s Board of Governor this month decided to maintain BI 7-day reserve repo rate at the level of 4.75%. This decision aims at anticipating global and domestic risks. The risks include Trump’s fiscal policy, which will be more expansive. Trump’s policy direction is predicted to bring serious risk for the domestic economy. Executive Director of Economic and Monetary Policy Department of BI Juda Agung assessed that Trump apparently will not implement some of his promises during campaign period. However, there will be fiscal adjustments, which may increase the budget.