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Indonesia's slowdown belies Jakarta's reform spin
Despite eight easing moves, growth is stuck at 5% and consumer spending down 1.1% in July and August y-o-y
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...
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