Quarterly Analysis: The Progress of Monetary, Banking and Payment System Quarter I - 2009

Deskripsi

The impact from worsening condition in the global economy was inceasingly fet by the domestic economy during the first quarter 0f 2009. On this account, it was predicted that Indonesia's economy wolud grow slower than estimated, This slower growth is caused by the increasing performance of exports, as well as the weakening of people's puchasing power. Neverthless, it is predicted that economic ectivities conducted during General Election may prevent the domestic economic growth from slowing even further. In the future, in 2009, the domestic economic will still face uncerntainly global econnomic recovery, so it is predicted that the Indonesian economy will grow less than the prediction made at the start of the ear, namely 4.0-5.0%. By considering these economic developments and prospects, in April 2009 the Bank of Indonesia again decreased the BI rate, this time by 25bps to 7.5%. This BI rate decrease is the fifth since December 2008. Accumulatively, (Dec 08-April 09), the BI has decreased by 175 bps..Printed Journal