BI Keeps Financial Market Attractive
Bank Indonesia and the government have continued to try to reduce the current account deficit and to maintain the attractiveness of the financial market. An increase in BI\'s benchmark interest rate will be followed by a rise in the lending rates of the domestic bank.
Bank Indonesia (BI) Governor Perry Warjiyo (center) is accompanied by Deputy Governor Mirza Adityaswara (left) and Erwin Rijanto as he announces the results of the board of governors\' meeting at Bank Indonesia headquarters in Jakarta on Thursday (27/9/2018). BI raised its seven-day reverse repo rate by 0.25 percent to 5.75 percent to reduce the current account deficit to a safe limit and increase the attractiveness of Indonesia\'s financial market.
JAKARTA, KOMPAS – Efforts to reduce the current account deficit, maintain the attractiveness of the financial market and deepen the foreign exchange market are continuing.
Bank Indonesia (BI), for example, raised its benchmark rate and offered non-deliverable rupiah forward contracts (DNDF) to cope with global uncertainties.