Wednesday, August 21, 2019

Capital inflows point to growing investor confidence: Indonesian central bank chief

Jul 20. 2019
Bank Indonesia Governor Perry Warjiyo (Antara/Puspa Perwitasari)
Bank Indonesia Governor Perry Warjiyo (Antara/Puspa Perwitasari)
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By THE JAKARTA POST
ASIA NEWS NETWORK
JAKARTA

1,072 Viewed

Indonesia’s central bank reported capital inflows of 192.5 trillion rupiah (Bt425.5 billion) as of July 18, indicating a strengthening of investor confidence in the country’s economy.

Bank Indonesia Governor Perry Warjiyo said in Jakarta on Friday that 118.5 trillion rupiah had entered Indonesia's financial system through government debt papers, while 74 trillion rupiah had entered through the stock market.

He said the flow of foreign capital into Indonesia was at a high intensity and that would help improve the country’s capital balance and balance of payments.

“The capital inflows will also support economic stability,” Perry was quoted as saying by kontan.co.id.

At the end of June, the central bank had recorded $9.7 billion in capital inflows.

Perry said the positive perception of the country’s economy had been strengthening recently, supported by rating upgrades by Standard and Poor's as well as a looser monetary policy.

“It is in line with the lessening of global market financial uncertainty marked by looser monetary policy,” he added.

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