KONTAN.CO.ID - JAKARTA. Bank Indonesia's (BI) policy will remain accommodative to help Southeast Asia's largest economy recover from the impact of the coronavirus pandemic, Dody Budi Waluyo, the central bank's deputy governor, said on Wednesday. The recovery has so far been limited to some sectors, "incomplete and uneven", and loan growth has been slow due to weak domestic demand and banks' reluctance to take on more risks, Dody said in a webinar. "Monetary policy will be directed toward an accommodative stance," he said. "BI will guarantee from the liquidity side, that there is ample liquidity in the banking system to use as capital for national economic recovery."
Indonesia central bank policy to remain accommodative amid limited recovery
KONTAN.CO.ID - JAKARTA. Bank Indonesia's (BI) policy will remain accommodative to help Southeast Asia's largest economy recover from the impact of the coronavirus pandemic, Dody Budi Waluyo, the central bank's deputy governor, said on Wednesday. The recovery has so far been limited to some sectors, "incomplete and uneven", and loan growth has been slow due to weak domestic demand and banks' reluctance to take on more risks, Dody said in a webinar. "Monetary policy will be directed toward an accommodative stance," he said. "BI will guarantee from the liquidity side, that there is ample liquidity in the banking system to use as capital for national economic recovery."