Impact of Covid-19 on Interest Rates

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Bibliographic Information
Journal Journal of Asian Multicultural Research for Economy and Management Study
Title Impact of Covid-19 on Interest Rates
Author(s) Yi-Wei, Lo Yi-Wei
Volume 1
Issue 1
Year 2020
Pages 7-11
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URL Link
Keywords Interest Rates, Inflation, Export, Import
Chicago 16th Yi-Wei, Lo Yi-Wei. "Impact of Covid-19 on Interest Rates." Journal of Asian Multicultural Research for Economy and Management Study 1, no. 1 (2020).
APA 6th Yi-Wei, L. Y. (2020). Impact of Covid-19 on Interest Rates. Journal of Asian Multicultural Research for Economy and Management Study, 1(1).
MHRA Yi-Wei, Lo Yi-Wei. 2020. 'Impact of Covid-19 on Interest Rates', Journal of Asian Multicultural Research for Economy and Management Study, 1.
MLA Yi-Wei, Lo Yi-Wei. "Impact of Covid-19 on Interest Rates." Journal of Asian Multicultural Research for Economy and Management Study 1.1 (2020). Print.
Harvard YI-WEI, L. Y. 2020. Impact of Covid-19 on Interest Rates. Journal of Asian Multicultural Research for Economy and Management Study, 1.

Abstract

The global economy is experiencing a crisis due to the Covid-19 pandemic, the stock market index has collapsed. The rupiah exchange rate against the USA dollar weakened this was due to the large number of foreign investors leaving the Indonesian financial market, the stock market plummeted. The banking sector can carry out an economic stimulus given restructuring authority for all credit or financing without requiring restrictions on the credit ceiling or type of debtor, especially debtors for MSMEs and informal workers. The economic stimulus that needs to be maximized is prundential monetary and macro policies through lowering interest rates and maintaining stability in the rupiah exchange rate. Budget relocation is also enforced to maintain the availability of basic foodstuffs for the community, which has increased due to panic buying or market panic. Also providing assistance to increase people's purchasing power.

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