In­done­sia may un­veil changes in banks’ for­eign ex­change re­serves

The Pak Banker - - Company& -

JAKARTA: Bank In­done­sia said it may an­nounce changes in len­ders' for­eignex­change re­serve re­quire­ments be­fore the end of the year amid ef­forts to man­age the amount of ex­cess liq­uid­ity in the fi­nan­cial sys­tem. The cen­tral bank may also un­veil changes in reg­u­la­tion of the so-called prime lend­ing rate, Bank In­done­sia spokesman Difi Jo­han­syah said in Jakarta to­day, with­out pro­vid­ing de­tails. Last month, Gover­nor Darmin Na­su­tion said In­done­sian banks must dis­close their prime lend­ing rates start­ing Jan. 1. Bank In­done­sia has re­frained from join­ing its Asian coun­ter­parts in rais­ing bench­mark rates this year, opt­ing to force len­ders to set aside larger re­serves to rein in liq­uid­ity. The cen­tral bank has said it may reg­u­late ru­piah bank ac­counts held by non-res­i­dents to mit­i­gate the im­pact of cap­i­tal in­flows. -PB News

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