Bank Indonesia to hold more auctions to boost rupiah liquidity

Jakarta. Bank Indonesia will conduct regular open market operations of repo and foreign exchange swap auctions three times per week to boost rupiah liquidity in the banking system, the central bank said in a statement,

The publication of a fixed auction schedule for the next six months is expected to increase certainty for lenders in managing their liquidity. The move comes as the central bank seeks to shield the financial industry from the impact of an aggressive tightening cycle in 2018.