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Jokowi sees low inflation paving way for interest rate reductions

"As a former businessman, I will be happy if lending rates fall," says Mr Joko, a former furniture exporter. "All businessmen are happy if lending rates fall, fall and fall. Because costs will be lower, and their products will compete better with products of other countries."


INDONESIA'S success in taming consumer prices provides room for lower interest rates, President Joko Widodo said, while making it clear that it was the job of the central bank to determine whether to cut.

Inflation will average less than 4 per cent this year, down from...

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