Jakarta –
Minister of Finance Sri Muliani Indrawati said the global financial market was rocked by various factors from August to September. One of these is caused by the meeting of the Federal Open Market Committee (FOMC) or the Federal Open Market Committee.
The results of the meeting produced a strong statement, in which Federal Reserve Leader Jeremy Powell said he will raise interest rates until inflation in the United States (US) is under control.
“A very strong statement from Jeremy Powell said they would continue to raise interest rates until they were able to control inflation. This was accomplished with an interest rate hike of 75 basis points this September. “Sri Mulyani said at a press conference on our state budget on Monday (26/9) ./ 2022).
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This is likely to continue until the end of the year and early next year. According to Sri Mulyani, the move caused shocks around the world, including Indonesia.
The dollar strengthened and there was an outflow of capital or an outflow of foreign funds. From the records of the Ministry of Finance, as of September 22, 2022, there has been an outflow of IDR 148.11 trillion.
“At the end of last month, in the last 3 months and since the beginning of the year, the increase in the number of capital outflows has seen an extreme increase. Indonesia has also experienced. Holders of foreign bonds, or property foreign exchange of Indonesian bonds, have seen a decline with their capital outflows, “he added.
Foreign ownership of Indonesian stocks is now only 14.7%. This is a sharp drop compared to 2019 which reached 38.57%. According to Sri Mulyani, Indonesian bondholders are dominated by banks, banks and Bank Indonesia.
(dna / dna)
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