BANK INDONESIA Prepares Strategy to Face The Fed's Interest Rate Increase

Head of the Department of Monetary Management of Bank Indonesia, Hariyadi Ramelan, said that the strategy implemented by BI included maintaining rupiah liquidity and foreign currency liquidity to maintain a balance between supply and demand mechanisms in the domestic market.

Meanwhile, from the aspect of monetary instruments, BI ensures that it will continue to stabilize the domestic financial market, including stabilizing the rupiah, through triple intervention in the spot market, domestic non-deliverable forward (DNDF), and purchasing government securities (SBN) in the secondary market. "From the monetary instrument aspect, we focus on stabilization. Meanwhile, macroprudential instruments continue to support monetary policy that remains accommodative by looking at the latest inflation developments," he said when contacted

|•SOURCE•| Articles :INVESTOR | Image :PORTONEWS |

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