BI's Immediate Focus is Stability as Trump Victory Creates Global Uncertainties

November 30, 2024, 03.10 AM | Source: Reuters
BI's Immediate Focus is Stability as Trump Victory Creates Global Uncertainties

ILUSTRASI. The BI will keep interest rates steady for now as global turbulence requires the bank to focus on stabilisation of the rupiah, Warjiyo said.

MONETARY POLICY - JAKARTA. Indonesia's central bank will focus monetary policy in the short term on keeping the rupiah stable while monitoring for opportunities to further lower its main interest rate in 2025, Governor Perry Warjiyo said on Friday.

Global economic uncertainties remain high following Donald Trump's victory in the U.S. election, which is seen affecting global growth and the U.S. Federal Reserve's policy moves, Warjiyo told an annual dinner with financial executives and government officials.

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