BI: Foreign Capital Flow To SRBI Reaches IDR 19.77 Trillion Until Second Week May 2024

JAKARTA - Bank Indonesia (BI) conveyed that the global economic development that occurred after the 23-24 April 2024 Board of Governors Meeting (RDG) was better than expected. So that the flow of foreign capital that entered the Bank Indonesia Securities (SRBI) until the second week of May 2024 reached IDR 19.77 trillion.

"Based on the transaction data that has occurred. Overall, in week one and week two, SRBI has seen foreign capital inflows of Rp. 19.77 trillion," said Bank Indonesia (BI) Governor Perry Warjiyo in a media briefing on the latest economic developments, Wednesday, May 8.

Perry conveyed that the global economic development that occurred after the Board of Governors Meeting (RDG) 23-24 April 2024 was better than expected.

According to Perry, this proves that the policy issued by BI is effective in maintaining economic stability and encouraging economic growth in controlling inflation.

Furthermore, Perry said, this condition encourages positive developments in the financial market and foreign exchange. So that the flow of foreign funds began to enter SRBI in the first and second weeks.

Perry conveyed that foreign capital inflows in SRBI until the second week of May reached Rp19.77 trillion, consisting of the first week of Rp16.19 trillion and in the second week of May 2024 Rp3.58 trillion.

Perry also conveyed that the entry of foreign capital flows also proved that the domestic and foreign investors market welcomed positively the decision to increase the BI-Rate and increase in SRBI.

"This shows once again that our decision to raise the BI-Rate and increase the SRBI interest rate has indeed increased market confidence and global investors, thus attracting foreign portfolio capital flows," he said.

Sebagai informasi, Sekuritas Rupiah Bank Indonesia (SRBI) adalah surat berharga dalam mata uang rupiah yang diterbitkan oleh Bank Indonesia sebagai pengakuan utang berjangka waktu singkat dengan menggunakan underlying asset berupa surat berharga Bank Indonesia.

Meanwhile, SRBI is designated as a securities that can be used in Monetary Operations, namely Conventional OPT Repo Transactions and Lending Facility Transactions.