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Jakarta Post

BI’s top man shrugs off geopolitical risks, citing strong capital inflows

  • News Desk

    The Jakarta Post

Jakarta   /   Tue, January 14, 2020   /  08:08 am
The Jakarta Post Image
Bank Indonesia Governor Perry Warjiyo speaks at a press interview at the central bank's Baitul Ihsan mosque building in Central Jakarta on Friday, Jan. 10.(JP/mfp)

Heightened geopolitical risks as a result of trade conflicts among major countries and tensions between the United States and China will not affect the flow of foreign funds into Indonesia, Bank Indonesia’s top official has said. The governor of the central bank, Perry Warjiyo, said geopolitical risks would have little impact on the Indonesian economy, especially the flow of investments, even though global stocks had been under selling pressure following the recent killing of an Iranian general. He said although share prices in Asian markets declined following the incident, the flow of foreign investment into Indonesia’s debt and equity markets remained high. The year 2020 is projected to be marked by a series of events that could disrupt world balance. The trade war between the US and China may fragment the global economy; an erosion of alliances and global lea...