Indonesia central bank maintains accommodative monetary policy

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Indonesia’s central bank is set to continue its accommodative monetary policy this year to support economic growth, Bank Indonesia Governor Perry Warjiyo said on Wednesday.

“All Bank Indonesia’s policy instruments are focused on keeping and strengthening the economic growth momentum,” Warjiyo said in a press conference.

“Accommodative monetary policy continues,” he said.

Bank Indonesia has targeted the economy to grow at 5.1%-5.5% this year, a slight increase from 5.1% expected for 2019.

The bank is scheduled to announce the result of its monthly policy review on Thursday.

Source: REUTERS

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