JAKARTA : Bank Indonesia's plans announced on Thursday to gradually increase reserve requirement ratios will have no significant impact on money market rates, Governor Perry Warjiyo said in a conference call with investors and analysts.
The governor also said the plans should not be interpreted as a tightening move, but a path towards normalisation, arguing that liquidity would remain higher than pre-pandemic levels. "Please do not interpret this as tightening," he said of the RRR plans, which were announced at the first policy meeting of the year.