Kolom Keuangan ini menawarkan analisis mengenai beberapa topik yang terkait dengan pasar keuangan Indonesia. Secara keseluruhan, kolom-kolom ini - yang mempunyai isi yang berbobot - akan melukis gambaran yang jelas dan terperinci mengenai struktur dan kinerja pasar keuangan Indonesia.
Around the globe, financial markets experienced a heavy storm – or a tornado – in March 2020 as coronavirus fears peaked. Particularly after the World Health Organization (or WHO) officially labelled the COVID-19 outbreak a “pandemic” on 11 March 2020 and a growing number of nations started imposing restrictions on the movement of people and economic activity, markets entered deep red territory.
As financial market turbulence has reached extreme levels over the last several weeks, recent events have severely limited this year’s prospects for economic growth in both developed markets and emerging markets. Of course, it is still too early to accurately assess the true macroeconomic impact of COVID-19, so we are still dealing with broad conjectures more than anything else. But the widespread limitations on that have been placed upon international travelers and the severity of business disruptions that have been seen around the world will almost certainly impact global GDP figures for the next several quarters.
In February 2020 all eyes were on the novel coronavirus outbreak and its impact on the global financial markets. Especially when the new virus spread across European countries toward the end of the month, market participants started selling their assets, causing huge sell-offs around the globe.
The central bank of Indonesia (Bank Indonesia) decided to cut its benchmark interest rate ("BI seven-day reverse repo rate") by 25 basis points (bps) to 4.75 percent at the two-day policy meeting on 19 and 20 February 2020.
