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Bank Indonesia wants more lending from commercial banks, acting governor says

First publishedAug 3, 10:42 UTC
Last updatedAug 3, 14:21 UTC · 7m ago
11 outletInvesting.com · Economy
Investing.com · Economy6Bank Indonesia wants more lending from commercial banks, acting governor saysOpen ↗
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Bank Indonesia wants more lending from commercial banks, acting governor says
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JAKARTA, Aug 3 (Reuters) - A new policy announced recently by the Indonesian central bank is intended to discourage commercial banks from placing excess liquidity in Bank Indonesia’s securities and coax them into increasing lending instead, BI’s acting governor said on Monday. Destry Damayanti made the comment at a press conference by Indonesia’s Financial System Stability Board, which consists of top officials with the finance ministry, the central bank, the Financial Services Authority and the deposit insurer.

Reported by 1 outlet — Investing.com · Economy. See all sources ↓

JAKARTA, Aug 3 (Reuters) - A new policy announced recently by the Indonesian central bank is intended to discourage commercial banks from placing excess liquidity in Bank Indonesia’s securities and coax them into increasing lending instead, BI’s acting governor said on Monday. Destry Damayanti made the comment at a press conference by Indonesia’s Financial System Stability Board, which consists of top officials with the finance ministry, the central bank, the Financial Services Authority and the deposit insurer. The board gathered on Friday for its first regular quarterly meeting since Perry Warjiyo’s surprise departure as BI governor. Warjiyo’s resignation, announced on July 27, has triggered a fresh bout of investor anxiety in Indonesia, with confidence waning in the G20 economy amid concerns over fiscal profligacy and the independence of the central bank.

Read the full report at Investing.com · Economy ↗

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JAKARTA, Aug 3 (Reuters) - A new policy announced recently by the Indonesian central bank is intended to discourage commercial banks from placing excess liquidity in Bank Indonesia’s securities and coax them into increasing lending instead, BI’s acting governor said on Monday. Destry Damayanti made the comment at a press conference by Indonesia’s Financial System Stability Board, which consists of top officials with the finance ministry, the central bank, the Financial Services Authority and the deposit insurer.
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1 outlet, average source rating 6.0/10.
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7m ago.
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    Bank Indonesia wants more lending from commercial banks, acting governor says

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    Investing.com · Economy
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organizationAugorganizationBank IndonesiaorganizationFinancial System Stability BoardorganizationIndonesiaorganizationIndonesianorganizationJAKARTAorganizationMonday. Destry DamayantiorganizationReuters
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Avg source rating 6.0/10
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