Indonesia central bank to give nearly $5 billion flexibility to banks to manage liquidity

Indonesia central bank to give nearly $5 billion flexibility to banks to manage liquidity

JAKARTA :The Indonesian central bank's policy to cut a secondary reserve requirement to 4 per cent from 5 per cent starting from June will provide banks with 78.45 trillion rupiah ($4.84 billion) of liquidity they can manage more flexibly, a senior official said on Monday.The comments were made by Solikin M.