KONTAN.CO.ID - JAKARTA. Indonesia's central bank is set to fund part of the government's economic recovery programme via more bond buying, officials said on Wednesday, even as its direct purchases of sovereign debt at auctions have stirred controversy. Bank Indonesia (BI) will fund an estimated 150 trillion rupiah ($10.11 billion) of the programme via private purchase of government bonds with lower yields, according to BI and finance ministry officials. The programme is part of efforts to help Southeast Asia's largest economy bounce back from the impact of the coronavirus pandemic, with economic growth this year forecast to be the weakest since 1999.
Indonesia central bank to directly fund $10 billion recovery programme
KONTAN.CO.ID - JAKARTA. Indonesia's central bank is set to fund part of the government's economic recovery programme via more bond buying, officials said on Wednesday, even as its direct purchases of sovereign debt at auctions have stirred controversy. Bank Indonesia (BI) will fund an estimated 150 trillion rupiah ($10.11 billion) of the programme via private purchase of government bonds with lower yields, according to BI and finance ministry officials. The programme is part of efforts to help Southeast Asia's largest economy bounce back from the impact of the coronavirus pandemic, with economic growth this year forecast to be the weakest since 1999.