BI Reference Interest Rate Down, Kemenperin Pede Iklim Industri Remains Stable

Secretary General of the Ministry of Industry (Kemenperin) Eko Cahyanto (Photo: Maria Trisnawati/VOI)

JAKARTA - Secretary General of the Ministry of Industry (Kemenperin) Eko Cahyanto, confident that the industrial climate will remain stable until the end of the year amid the reduction in the benchmark interest rate of Bank Indonesia (BI) or BI Rate.

Just so you know, BI decided to lower the benchmark interest rate or BI Rate by 25 basis points to 6 percent at the September 2024 Board of Governors' Meeting (RDG).

According to Eko, this reduction in benchmark interest rates can create a good industrial climate in the country.

"We are optimistic that we can help the business climate of the lebuih industry well because this is done globally," he said when met by the media in Tangerang, South, Thursday, September 26.

EKo said that the reduction in the benchmark interest rate could create a good business climate so that optimism would also be created from business actors. Not only that, according to him, a good business climate will also create sufficient space for efforts to invest

"But we don't forget that we have to maintain people's purchasing power. So efforts to shape a good business climate exist in many ministries/agencies including fiscal policies," he said.

For this reason, he said he was optimistic that the contribution of the industrial sector would remain high until the end of 2024.

"Until the end of the year, optimism was high, as evidenced by PMI and IKI, optimism until the end of the year remained high," said Eko.

For information, the industrial confidence index (IKI) in August 2024 is at 52.40. The achievement of IKI has not increased or the same as in last July. The contraction industries are the textile industry, the paper and paper goods industry and other processing industries.