The Composite Stock Price
Index (IHSG) touched a new record, reaching 5,427, after the decline in Bank
Indonesia benchmark (SBI) rate by 25 basis points from 7.75% to 7.5%. However,
the increase is not balanced by strengthening of the rupiah, which is still
sluggish in the range of IDR 12,813 per USD.
According to Bank Indonesia governor, Agus Martowardojo,
weakening of the rupiah is mainly influenced by global economic conditions.
According to him, the position of the rupiah currently is not alarming. ‘If
there is a risk on, risk off was affected in general. We see that it is still
within a reasonable limit. It is mainly due to external factors, “said Agus in
Jakarta, on Monday (February 23).
Agus said that party will always monitor the condition of
the money market to prevent the rupiah from being too volatile. “Bank Indonesia
controls volatility do the Rupiah will always be smooth within a normal range,”
he said. (E)
Business News - February 27, 2015
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