Jakarta - Minister of Finance Purbaya Yudhi Sadewa conveyed that there were steps from the government gradually to maintain the stability of the bond market and strengthen investor sentiment in the midst of the global financial market.
This was conveyed by Purbaya after holding a limited economic meeting (ratas) with President Prabowo Subianto at the Presidential Palace Complex, Jakarta, Monday, May 18. According to Purbaya, the discussion with President Prabowo Subianto was more about national economic strategies.
In addition, Purbaya also explained to President Prabowo the fundamental conditions of the Indonesian economy which were considered still strong. According to Purbaya, President Prabowo has prepared a number of economic strategies which will be conveyed to the DPR RI in the near future. In addition, Purbaya also explained, to mitigate pressure in the financial market, especially in the bond market, the Government has begun to intervene gradually through bond market purchases (bond market).
Minister of Finance Purbaya also said that foreign parties had also started to enter so that this week, it was likely to have started to stabilize. According to Minister of Finance Purbaya, the stability of the bond market is very important to maintain the flow of foreign capital so that it does not leave Indonesia.
With stable bond prices and potentially lower yields, foreign investors are assessed to remain interested in placing their funds in the domestic market.
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