BI Board of Governor's Meeting, August 2017

Febrio Kacaribu (), Alvin Ulido Lumbanraja () and Nadia Khairani ()
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Febrio Kacaribu: Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)
Alvin Ulido Lumbanraja: Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)
Nadia Khairani: Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)

No 201708, LPEM FEBUI BI Board of Governor Meeting Brief from LPEM, Faculty of Economics and Business, University of Indonesia

Abstract: Last month has seen some new developments that may alter the policy direction of Bank Indonesia. Results of Q2 growth and dismal credit growth pointed out sluggish growth acceleration and weak domestic demand, which has served as growth driver in the past. This increases the risk of both inflation and GDP growth to be below-target, particularly as the effect of major electricity price increases may have been fully reflected at current price level. As the result, Bank Indonesia should restart monetary policy accommodation, whether through rate cut or, if currency fluctuation is still a major concern, by other means.

Keywords: gdp; —; economic; —; economic; outlook; —; inflation; —; macroeconomics; —; interest; rate (search for similar items in EconPapers)
Date: 2017-08, Revised 2017-08
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