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View all search resultsWhile the central bank's recent decision to raise the BI Rate by 25 basis points to 6.25 percent may not have been popular, it was the appropriate measure to respond to the current global turmoil and to anchor future inflation.
Bank Indonesia issued its SRBI to deepen the money market and increase liquidity, but the problematic configuration of the monetary absorption instrument with existing instruments and various markets indicate that it will not perform as intended.
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