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Avoiding the Curse of the...
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Avoiding the Curse of the Second Period

Indeed, Bank Indonesia still has little room to lower interest rates. However, this policy will not necessarily be effective in increasing growth. Why?

By
Muhamad Chatib Basri
· 8 minutes read
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KOMPAS/WAWAN H PRABOWO

President Joko Widodo (third left, front row) and Vice President Ma’ruf Amin (third right, front row) pose with newly appointed Cabinet ministers on the front steps of Merdeka Palace on Wednesday (23/10/2019) in Jakarta. The President announced his new “Indonesia Onward Cabinet” that day, and instructed his ministers to avoid corruption and to close systemic loopholes that permitted corruption.

“We all know what to do, we just don’t know how to get re-elected after we’ve done it.” That is what Jean-Claude Juncker, the president of the European Commission, said.

Those who explore policy issues know how true those words are. Juncker might be too cynical, but the description is straightforward. Indeed, he did not talk about Indonesia, but his remarks seemed relevant to the challenges for the new Indonesia Onward Cabinet. Why?

Editor:
naranasrullah
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