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Jakarta Post

Capital inflows at Rp 192.5 trillion as of July 18

  • News Desk

    The Jakarta Post

Jakarta   /   Fri, July 19, 2019   /   05:51 pm
Capital inflows at Rp 192.5 trillion as of July 18 Bank Indonesia Governor Perry Warjiyo (Antara/Puspa Perwitasari)

Bank Indonesia recorded that capital inflows stood at Rp 192.5 trillion (US$13.82 billion) as of July 18, indicating the strengthening of investor confidence in the country’s economy.

BI Governor Perry Warjiyo said in Jakarta on Friday that Rp 118.5 trillion had entered the Indonesian financial system through government debt papers, while Rp 74 trillion entered through the stock market.

He said the flow of foreign capital into Indonesia was at a high intensity that would help improve the country’s capital balance and balance of payments.

“The capital inflows will also support economic stability,” Perry said as quoted by kontan.co.id.

Previously, as of the end of June, the central bank recorded $9.7 billion in capital inflows.

Perry said BI saw that the positive perception of the country’s economy had been strengthening recently, supported by rating upgrades by Standard and Poor's as well as looser monetary policy.

“It is in line with the lessening of global market financial uncertainty marked by looser monetary policy,” he added.(bbn)