"We appreciate BI for its decision to lower BI rate to 7.25 percent after it remained unchanged for almost one year. Looking ahead, we hope it will be lowered further," he said in a press statement released on Friday.
The decision to lower the key rate, locally known as BI rate, by 25 basis points to 7.25 percent will be able to stimulate the economic growth, he said.
The domestic business activities will rebound in the wake of the decision to lower the BI rate, he said.
"Admittedly, there is no reason for Bank Indonesia to not cut the BI rate. The inflation rate is relatively stable, and so is the banking liquidity," he said.
He said all banks will soon lower their lending rates to allow business agents to have easy access to capital.(*)
Editor: Heru Purwanto
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