Kemenkeu raises yield to draw capital and support rupiah
Government cash will remain at BI with higher remuneration to preserve money market and banking liquidity, officials said.
Antara News, Republika +3
Government cash will remain at BI with higher remuneration to preserve money market and banking liquidity, officials said.
BI and Kemenkeu also agreed to boost yield appeal and government cash remuneration at BI to support liquidity.
May spending in the Mandiri Spending Index rose to 123.2, while foreign capital flows into government bonds remained positive.
The Saturday meeting in Senayan reviewed the economy and aligned fiscal and monetary policy as the rupiah came under pressure.