Bank Indonesia Ensures Rupiah Stability is Maintained
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Editor
19 April 2024 14:35 WIB
TEMPO.CO, Jakarta - Bank Indonesia (BI) ensures rupiah stability is maintained in anticipation of the impact of the uncertainty of the United States (US) policy rate cut or Fed Fund Rate (FFR) and escalating geopolitical tensions in the Middle East.
"We continue to ensure rupiah stability is maintained with foreign exchange intervention and other necessary measures," Bank Indonesia Governor Perry Warjiyo said on Friday, at the G20 and International Monetary Fund (IMF) session in Washington DC on April 18, 2024.
In addition, BI manages market-friendly foreign portfolio flows, including promarket and integrated monetary operations with money market deepening to support the external resilience of the Indonesian economy.
He said the Indonesian economy is one of the emerging market countries that is strong in facing the global slowdown due to the uncertainty of the Fed Fund Rate reduction and increased geopolitical tensions in the Middle East.
Indonesia's economy remains strong and is supported by prudent and closely coordinated monetary and fiscal policies.
"To strengthen external resilience, Bank Indonesia's strong commitment to exchange rate stabilization is an important part," he said.
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