BI Governor Asked to Keep the Stability of Rupiah

By : Ahmad Fadli Dan Aldo Bella Putra | Thursday, June 14 2018 - 13:30 IWST

Ketua Umum BPP HIPMI Bahlil Lahadalia

INDUSTRY.co.id - Jakarta - Chairman of the Association of Young Indonesian Entrepreneurs (Hipmi) Bahlil Lahadalia appreciate the policy of Bank Indonesia Governor Perry Warjiyo able to stabilize the value of the rupiah after leading the central bank. It is expected that the strengthening can be maintained in order to create economic stability.

"I appreciate BI's policies for the past three weeks although the good results are not yet measurable, but the important thing is that the rupiah exchange rate against the US dollar has been getting better than ever before. Our expectation of Rp13.800 per USD can survive even though can go down again will be much better, "said Bahlil in his written statement on Wednesday (13/06/2018).

The policy of raising the BI Rate will attract the entry money even though it will host the credit interest rate. The entrepreneurs expect the BI rate in the future to be smaller so that the multiplier effect of credit can occur.

"In the meantime, BI's policy to raise the interest rate is good enough to hold rupiah exchange rate, I think it is effective," Bahlil said.

Bahlil viewed, personal, character, and track record of BI Governor Perry Warjiyo also gave rise to market confidence. Composite Stock Price Index (CSPI) also looks increasingly improved. That is, there is a positive market response to the Governor of BI.

Bahlil expects this positive response to signal that good policies can lead to a positive investment climate. Economic growth is expected to reach the planned target.

Associated with an independent BI institution, Bahlil said the central bank is a state instrument that one of its tasks is to maintain monoter stability. Therefore, it is important to cooperate on all state institutions including the Minister of Finance, OJK and others.

"This is a unity and inseparable because each of them has an important role, that in their independent leadership mechanism, Yes, there is a state perspective of one unity and it should not be separated, secondly from the side of tufoksi and accountability. Most importantly they synchronize, "Bahlil said