In accordance with the expectations of various circles, Bank Indonesia eventually lowers the reference interest rate, the BI Rate, by 25 basis points, to be 9.25 percent.
The decision of the Board of Governors Meeting (Board of Governors’ Meetings), Bank Indonesia was taken after a thorough evaluation of development and economic and financial prospects, both domestic and global.
“The Board of Governors considered that the impact of the financial crisis of the global economy increasingly evident, as seen in world economic growth estimates in 2009 that had fallen from 3.0 percent to 2.2 percent, which also began looking at the impact the national economy,” a Director of the Directorate of Strategic Planning Public Relations and the BI Dyah NK Makhijani in the press, BI, Thursday (4 / 12).
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