National Economic Liquidity in August 2020 Grew by 13.3%

European Central Bank President Christine Lagarde said it’s worth examining a Federal Reserve-style strategy that allows inflation to temporarily rise above the institution’s target. A policy of committing to making up for low inflation after missing the goal for a while ”could be examined” as part of the institution’s strategic review, Lagarde said at a conference in Frankfurt on Wednesday. (Bloomberg)

National economic liquidity in August 2020 grew by 13.3% on an annual basis (yoy), higher than 10.5% (yoy) in the previous month, according to Supply Money Analysis Report (August 2020) published by Bank Indonesia (BI). On the other hand, lending also continued to grow by 0.6% in August, slowing down compared to July’s 1.0%. (Investor Daily)

Source: Danareksa Sekuritas Debt Research

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