The global trade war and escalating conflicts in the Middle East have led the Indonesian Central Bank to maintain its Interest Rate.
Gate News bot reports that in the face of the global trade war and escalating conflicts in the Middle East, Indonesia's Central Bank has kept interest rates unchanged, pausing any rate cuts to support the Indonesian rupiah. The Central Bank of Indonesia maintained the Benchmark interest rate at 5.5% on Wednesday, which aligns with the expectations of 26 out of 35 economists surveyed by Bloomberg. Other economists predict that after lowering the policy interest rate in May, policymakers will continue to ease monetary policy. Governor Perry Warjiyo stated at a press conference that global uncertainty remains high, and the domestic economy needs further support. He indicated that bank lending rates need to continue to decline to support credit growth and the national economy.