Indonesia's RRR hikes won't have significant impact on money market rates -cbank

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JAKARTA : Bank Indonesia's plans announced on Thursday to gradually increase reserve requirement ratios (RRR) 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

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.

 

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