Indonesia lowers benchmark rate to 5.75 percent

10 Februar, 2012 | Source: The Jakarta Post

Indonesia′s central bank lowered its benchmark interest rate by a quarter percentage point to 5.75 percent to counter a weakening global economy.

Bank Indonesia spokesman Difi Johansyah said Thursday the decision was a further step to boost Indonesia′s economic growth amid a weakening outlook for the world economy.

The central bank maintained the benchmark rate at 6 percent over the past two months after cutting it by a total of 75 basis points in October and November to fend off a world slowdown.

Indonesia′s economy grew 6.5 percent last year, the fastest pace since the 1997-98 Asian crisis.

 

The Indonesian government plans to issue savings sukuk (Islamic bonds), series ST007, to expand the base of retail investors in the domestic financial market and finance green projects in the state budget (APBN).
President Joko Widodo recently signed a regulation specifying the procurement and immunization schedule for the COVID-19 vaccine for Indonesia, which has been battling the deadly disease since March 2 this year.
President Joko Widodo on Wednesday said the coronavirus pandemic has reminded the nation and the state of the importance of science and technology.
Indonesian Foreign Affairs Minister Retno Marsudi offered her condolences and sympathies to the families of the victims of the explosion that rocked Beirut in Lebanon on Tuesday evening.
Indonesia is working with South Korea to develop a vaccine for the novel coronavirus disease, in addition to collaborating with China.
Indonesia′s economy will start to open and recover from the COVID-19 crisis in August this year, the World Bank′s Country Director for Indonesia, Satu Kahkonen, stated on Thursday.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu