- kept its policy rate at 4.75%, signifying a cautious stance amidst increasing global uncertainty.
- Keeping an eye on the Rupiah may prevent further risks on the government’s fiscal balance, as the government resorts to ad-hoc spending to bolster consumption.
- The tweaked KLM scheme may increase BI’s policy transmission, as banks will need to be more active in accelerating their loan growth and lowering rates to qualify for the incentives.
