Indonesia: Central bank purchases 1.6 bln USD worth of G-bonds World

Indonesia: Central bank purchases 1.6 bln USD worth of G-bonds

Indonesia’s central bank (BI) has bought 1.6 billion USD worth of government bonds in the primary market, underlining its commitment to remain active in it as the country faces a burgeoning state budget deficit due to the rising cost of COVID-19 mitigation efforts.
Indonesia central bank guards rupiah ASEAN

Indonesia central bank guards rupiah

Indonesia’s central bank has decided to hold the benchmark interest rate at 7.5 percent, which has been kept unchanged for six consecutive months, in an attempt to support the currency rupiah.