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Indonesia's Warjiyo sees low-rate environment lasting a longer time

Central bank governor says many central banks have become more dovish, and the outlook is more pessimistic

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Bank Indonesia governor Perry Warjiyo. The central bank now expects the economy to grow 5.05% in 2019 before accelerating towards 5.3 per cent in 2020.

Jakarta

THE global slowdown and trade war have created an environment in which "low interest rates for longer" is the new normal, Bank Indonesia governor Perry Warjiyo said.

The US-China trade war "isn't helping anybody" and only serves as a reminder that "if you prolong the game...

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