BI Interest Rate Rises, Head Of BKF Ministry Of Finance Reveals Fiscal Policy And Monetary Will Continue To Be Strengthened

Head of the Fiscal Policy Agency (BKF) of the Ministry of Finance Febrio Kacaribu. (Photo: Mery Handayani/VOI)

JAKARTA - Head of the Fiscal Policy Agency (BKF) of the Ministry of Finance Febrio Kacaribu said, with the increase in BI-Rate, fiscal and monetary policy will continue to be synergized to maintain the rupiah exchange rate, trade balance and anticipate several risks in the future.

"We support BI policies that are pro-stability because the global conditions are indeed the way we must anticipate, so we will continue to strengthen monetary and fiscal synergies," told reporters at the AA Maramis Building, Jakarta, Thursday, April 25.

For information, Bank Indonesia (BI) raised the benchmark interest rate or BI-Rate by 25 basis points (bps) to 6.25 percent and increased the deposit facility interest rate by 25 basis points to 5.5 percent, and the lending facility rate by 25 basis points to 7 percent.

Febrio said that with the BI policy mix, the pro-stability of Indonesia's financial market liquidity will be maintained to deal with global turmoil in the future and high interest rate trends.

"With pro-stability policies, it does show that BI is anticipating, from fiscal it is the same," he explained.

According to Febrio, the global economic turmoil in the performance of the national economy is not the first time this has happened but has been from the previous year so that the Government has taken anticipatory steps.

In addition, Febrio is also optimistic that economic stability will be maintained and the economic recovery process will also continue this year by strengthening the synergy between fiscal and monetary policies.

"The synergy that we usually do between fiscal and monetary will continue to be carried out and strengthen so that the momentum of economic growth that we are enjoying can be maintained," he said.