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BI Deputy Governor: Monitoring impact of coronavirus epidemic on GDP growth

A Deputy Governor of Bank Indonesia (BI), the Indonesian central bank said on Friday that they are monitoring the impact of the virus epidemic on GDP growth.

Key Quotes:

BI keeps 2020 GDP growth forecast within 5.1%-5.5% range, or near 5.3%.

BI GDP growth forecast assumes coronavirus epidemic can quickly be overcome

There were capital outflows from Indonesian markets equal to 11 trln rupiah throughout the week.

BI policy stance remains data dependent, monitoring impact of virus epidemic on GDP growth.

Policy remains accommodative including on interest rate policy and liquidity management.

 

 

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