JAKARTA. The Finance Ministry’s fiscal agency head, Bambang Brodjonegoro, said the government had not yet activated the Bond Stabilization Framework (BSF) available to contain economic fluctuations. “The BSF mechanism is already there but has not yet been activated because the government and Bank Indonesia's initiatives via direct loans are still proving effective at stabilizing the government bond [SUN] markets,” Bambang said in Jakarta on Tuesday evening. The BSF is one of the government's mitigation measures in the form of short- and long-term programs to anticipate the potential impact of a crisis on domestic treasury notes (SBN).
Economic stabilization mechanism is available
JAKARTA. The Finance Ministry’s fiscal agency head, Bambang Brodjonegoro, said the government had not yet activated the Bond Stabilization Framework (BSF) available to contain economic fluctuations. “The BSF mechanism is already there but has not yet been activated because the government and Bank Indonesia's initiatives via direct loans are still proving effective at stabilizing the government bond [SUN] markets,” Bambang said in Jakarta on Tuesday evening. The BSF is one of the government's mitigation measures in the form of short- and long-term programs to anticipate the potential impact of a crisis on domestic treasury notes (SBN).