DPR, BI and Kemenkeu align policy to steady rupiah
BI and Kemenkeu also agreed to boost yield appeal and government cash remuneration at BI to support liquidity.
DPR, Bank Indonesia, and the Ministry of Finance agreed to strengthen fiscal and monetary coordination to curb pressure on the rupiah amid economic dynamics. The meeting at the parliamentary complex in Jakarta on Saturday was attended by DPR Deputy Speaker Sufmi Dasco Ahmad, BI Governor Perry Warjiyo, and Finance Minister Purbaya Yudhi Sadewa. Two main steps were highlighted: increasing the appeal of returns on domestic instruments to draw capital inflows back, and maintaining money market and banking liquidity through government cash placements at BI with higher remuneration. The government said the alignment is needed to preserve macro stability while keeping economic growth supported.
Sources
Earlier in this story
- 25 hours agoKemenkeu raises yield to draw capital and support rupiah
- 26 hours agoDPR, BI and Kemenkeu align policy to steady rupiahreading now
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- 27 hours agoPurbaya and Perry meet in DPR to strengthen coordination