Bank Indonesia’s new senior deputy governor Destry Damayanti.(pic) said: “It seems like the monetary policy easing will last quite long because we need stimulus for our future economic growth, ” Damayanti said. Bank Indonesia would maintain an accommodative policy stance, she said.
JAKARTA: Indonesia’s easing cycle is set to last long as policymakers in South-East Asia’s biggest economy take steps to deal with a deteriorating global economic landscape, according to Bank Indonesia’s new senior deputy governor Destry Damayanti.
Damayanti, who was sworn in by the country’s Supreme Court chief justice in Jakarta yesterday, said the economy is in need of stimulus amid easing by other central banks as headwinds from an escalating trade war between the US and China persist.
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