The Bank Indonesia (BI) said that foreign investors still see as good the country’s economic prospects despite the slowdown in the past two years with an annual growth of around 5 percent. (Photo: Retail News Asia)
The Bank Indonesia (BI) on September 27 said that foreign investors still see as good the country’s economic prospects despite the slowdown in the past two years with an annual growth of around 5 percent.
According to Head of the BI’s Monetary and Economic Policy Dody Budi Waluyo, foreign direct investment (FDI) in the country was quite big in the third quarter of 2017, notably in electronic trading (e-commerce).
BI statistics showed that in the nine-month period ending in September foreign fund flowing into the country reached 11 billion USD (146.3 trillion rupiahs), lower than the figure of 151 trillion rupiahs from the same time last year.
Dody said that if the macro economy remains stable and exchange rate together with inflation rate are under control, foreign investment flow will increase to bolster economic development.
BI’s reference interest rate cut off will have positive impact on the economy as well, he added.
The bank has recently decided to cut its interest rate from 4.5 percent to 4.25 percent after lowering the rate from 4.75 percent to 4.5 percent last month.
VNA
