Apakah Suku Bunga Negatif Solusi Menghindari Resesi?

Investopedia.com: “A negative interest rate means the central bank and perhaps private banks will charge negative interest: instead of receiving money on deposits, depositors must pay regularly to keep their money with the bank.”

Setidaknya bank sentral beberapa negara telah mengenakan pungutan atau ongkos atas deposit tertentu yang ditempatkan di bank sentral oleh lembaga keuangan.

negatif_rate

Dengan menerapkan disinsentif diharapkan lembaga keuangan lebih gencar menyalurkan kredit, mendorong investasi dan konsumsi. Bank Sentral Jepang (Bank of Japan) juga berharap nilai tukar yen akan melemah sehingga memacu ekspor. Namun, setelah meluncurkan kebijakan suku bunga negatif, nilai tukar yen justru menguat.

Untuk kasus Uni Eropa, penerapan suku bunga negatif oleh ECB menghasilkan peningkatan pertumbuhan. Pada tahun 2013 perekonomian Euro Zone masih mengalami kontraksi 0,4 persen. Setahun berikutnya kembali ekspansi sebesar 0,9 persen, dan tahun lalu naik lagi menjadi 1,5 persen.

Czech Republic, yang menerapkan suku bunga negatif, menunjukkan kinerja lebih baik ketimbang negara-negara bekas komunis lainnya di Eropa. Daya tahan ekonominya berada di zona positif.

Walaupun bank sentral AS (The Fed) telah meningkatkan suku bunga akhir tahun lalu, mulai muncul wacana suku bunga negatif. Lihat misalnya Former Fed President Urges Negative Interest Rates.

Apakah kebijakan fiskal semakin tersisih untuk menggairahkan perekonomian?

 

 

About faisal basri

Faisal Basri is currently senior lecturer at the Faculty of Economics, University of Indonesia and Chief of Advisory Board of Indonesia Research & Strategic Analysis (IRSA). His area of expertise and discipline covers Economics, Political Economy, and Economic Development. His prior engagement includes Economic Adviser to the President of Republic of Indonesia on economic affairs (2000); Head of the Department of Economics and Development Studies, Faculty of Economics at the University of Indonesia (1995-98); and Director of Institute for Economic and Social Research at the Faculty of Economics at the University of Indonesia (1993-1995), the Commissioner of the Supervisory Commission for Business Competition (2000-2006); Rector, Perbanas Business School (1999-2003). He was the founder of the National Mandate Party where he was served in the Party as the first Secretary General and then the Deputy Chairman responsible for research and development. He quit the Party in January 2001. He has actively been involved in several NGOs, among others is The Indonesian Movement. Faisal Basri was educated at the Faculty of Economics of the University of Indonesia where he received his BA in 1985 and graduated with an MA in economics from Vanderbilt University, USA, in 1988.
This entry was posted in Ekonomi Internasional, Makroekonomi, Monetary Policy. Bookmark the permalink.

4 Responses to Apakah Suku Bunga Negatif Solusi Menghindari Resesi?

  1. Mas Yunus says:

    Kreativitas kebijakan yg menarik… apakah ini salah satu cara pendekatan supply side, mungkinkah diterapkan utk Indonesia?

  2. dede says:

    Hore jepang suku negatif..moga2,keciprataan duit dari jepang

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s