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Jakarta –
The Republic of Indonesia House of Representatives Budget Agency (Banggar) provided information for the Bank of Indonesia (BI) to print up to Rs 600 trillion in money to participate in the treatment of the Corona impact. In this impression of money, inflation is often called a threat. What did the house say?
The President of the Budget Agency, MH, said Abdullah, said that in this printing of money inflation could be calculated. He said that, with BI printing Rp 600 trillion, inflation was estimated at 5-6%.
“If 600 trillion rupees is printed, then it seems that the money is flooding, not really. Our calculation if BI prints 600 trillion rupees, inflation is around 5-6%, not much. During the period of 600 trillion of rupees, inflation will suddenly increase between 60 and 70%. where is the count, “he said AFP, Sunday (5/3/2020).
He said that the current condition is a pressing emergency. According to him, the role of BI was necessary to help the government overcome the impact of Corona.
“Due to the urgency of forcing this year to include what was planned refocusing, the government reallocation of Rp 405 trillion is in line with the government’s objective, the central role of BI is expected to be expected the last resort“It is worth 600 trillion rupees but with a 2.5% stake,” he explained.
“We appeal to BI, it is 2.5%, the interest is called sharing the pain“he added.
According to him, if printed money floods and raises inflation figures, BI may increase the legal reserve requirement (GWM) next year.
“If the value of Rp 600 trillion is worth it, if the flood of inflation is too high, then we just need to increase the reserve requirement next year,” he concluded.
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