Monetary easing by Bank Indonesia is not enough to solve Indonesia's problems as 200 basis points of rate cuts since January 2016 have not ignited household or business spending or quickened top-line growth.
PHOTO: BLOOMBERG
Tokyo
FEW central banks have been busier over the last 22 months than Indonesia's. Despite eight easing moves, however, growth in South-east Asia's largest economy is stuck at 5 per cent, lagging China, India, the Philippines and Vietnam. Consumer spending was down an average 1.1 per cent...
Register to read this article. Log in if you are already a subscriber.Register to read this article. Log in if you are already a subscriber.Please log in or subscribe to continue reading.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes