BI Dorong Pasar Repo dan Swap Antisipasi Pembiayaan Ekonomi dari PMA
Bank Indonesia will Boost Financial Market Deepening through Repo, Swap Markets
Reporter : Gatot Priyantono
Editor : Cahyani Harzi
Translator : Dhelia Gani
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Jakarta (B2B) - Arus investasi asing di portofolio diperkirakan turun, sehingga pembiayaan ekonomi dari penanaman modal asing (PMA) akan diperbesar. Mengantisipasi hal itu, Bank Indonesia (BI) akan mendorong pendalaman pasar keuangan dengan pengembangan pasar repurchase agreement (repo) dan transaksi swap antarbank, sebagai salah satu upaya mendukung masuknya PMA.
Gubernur BI, Agus DW Martowardojo mengatakan perubahan lansekap ekonomi global yang menunjukkan perbaikan laju ekonomi di negara-negara maju dan perlambatan ekonomi di negara-negara berkembang (emerging market) perlu diantisipasi.
Menurutnya, begitu pula dengan kebijakan Federal Reserve (The Fed) yang mengurangi stimulus moneter sebesar US$ 10 miliar per bulan, serta kenaikan imbal hasil obligasi pemerintah Amerika Serikat (US Treasury) dari 2,9% pada saat ini menjadi 3,4% pada awal 2015.
"Bagi Indonesia itu sudah diperhitungkan (priced-in), tetapi kami harapkan Indonesia punya waktu untuk pendalaman pasar keuangan, melakukan reformasi struktural dan memperkuat koordinasi untuk stabilisasi sektor keuangan, dan protokol management crisis. Kondisi AS perlu diwaspadai kalau pertumbuhannya lebih cepat," kata Agus Martowardojo belum lama ini.
Jakarta (B2B) - Bank Indonesia (BI) will boost financial market deepening by developing the repurchase agreement market and interbank swap transactions in the effort to support foreign capital inflow. This is conducted as anticipation to the decline of foreign investment inflow to portfolios. Thus, economic funding from foreign investment will be increased.
Agus Martowardojo, Governor of BI, said that changes in global economic landscape—which showed improvements in developed countries’ economy and slowdown of emerging markets’ economy—needed to be anticipated.
He continued that the Fed’s policy in reducing the monetary stimulus by US$ 10 billion per month, and the increase in US treasury yields from 2.9 percent to 3.4 percent by early 2015 should also be anticipated.
“It is already priced-in in for Indonesia. However, we expect Indonesia to have some time to deepen its financial markets, conduct structural reform, and strengthen the coordination for financial sector stability and management crisis protocol. Conditions in the US also need to be monitored if the growth is too fast,” he said recently.
