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Abstract
Federal Reserve’s (The Fed) aggressive benchmark price hike has tightened banking international change liquidity. Financial institution Indonesia (BI) knowledge reveals international forex lending reached Rp 932.61 trillion as of August 2022, up 16.71 % yr on yr (YoY). In the meantime, international forex third-party funds (DPK) solely grew 11.84 % YoY to Rp 1.107.94 trillion as of August.
BI Senior Deputy Governor Destry Damayanti mentioned international forex credit score grew 18.1 % in September, whereas deposits solely rose 8.4 %. With solely referring to international change from DPK, international change liquidity appears restricted.
“However funding sources from banks associated to international change are various. There are loans and issuance of securities. Actually, state securities (SBN) owned by banks will be repo to acquire international forex,” Destry mentioned on Wednesday. Rupiah closed up 0.38 % to Rp 15,563 per US greenback on Wednesday.
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