!-- Javascript Ad Tag: 6454 -->

Friday, May 17, 2013

Bank Indonesia recognizes that the implementation of monetary policy in 2012 became the brunt central bank.



Bank Indonesia recognizes that the implementation of monetary policy in 2012 became the brunt central bank.

Executive Director of Finance Department of Internal Mubarakan Bank Indonesia said that despite monetary control costs down, but the implementation of monetary control remains heavy.

"The biggest burden BI during the period January 1 to December 31, 2012 is the burden of monetary control of Rp19, 27 trillion, or 60.33 percent of the total burden of Bank Indonesia amounting to Rp31, 94 trillion," he told reporters at the Bank Building, Jakarta, Friday (05/17/2013).

According to him, the burden of this monetary management has decreased from the previous year which amounted to Rp 30.09 trillion. This led to the financial statements that the deficit in 2011 turned into a surplus in 2012. Decrease in operating expenses of monetary 2012, he added, mainly due to the increasing portion of the absorption of excess liquidity through monetary operations rupiah currency and interest rate (BI Rate).

Portion of the funds stored in the instrument of open market operations (OMO) BI decreased from Rp403, 35 trillion at the end of 2011 to Rp344, 57 trillion in late 2012. As well as the range of BI rate is relatively low in 2012, the 5.75 per cent-6, 00 percent, compared to 2011 of 6.00 percent-6, 75 percent.

"During the year 2012, Bank Indonesia set a policy to reduce the BI rate by 25 basis points since February 2012 and the adjustment of interest rates Placement Fund which causes interest rates to fall overall monetary operations and impact on the decline in operating expenses monetary," he said.

Furthermore, he said, the central bank over the financial statements as a result of the execution of the task, not a goal to achieve a surplus. "So if the financial statements BI surplus, it does not mean the ultimate goal to get a surplus," he said.

So also if the financial statements BI deficit, he added, it's not because of improper management in managing finances BI. "It should be seen both as a result of the BI effort to achieve and maintain stability of the rupiah," he said.

No comments:

Post a Comment