Jumat 12 Dec 2014 22:17 WIB

Bank Indonesia warns firms against unhedged offshore loans

Indonesian currency (illustration)
Foto: Republika/Adhi Wicaksono
Indonesian currency (illustration)

REPUBLIKA.CO.ID, JAKARTA -- Indonesia's central bank has warned firms against holding unhedged offshore loans as the rupiah slides to its weakest level since 2008, senior deputy governor said on Friday.

Bank Indonesia's senior deputy governor Mirza Adityaswara said the depreciation of rupiah, which in December fell more than 2 percent, was fair. The rupiah was traded at 12,445 per dollar at 0556 GMT on Friday.

Meanwhile, Bank Indonesia's other deputy governor Perry Warjiyo said economic growth in the fourth quarter would grow by 5 percent, unchanged from the third quarter and slightly lower than an earlier estimate of 5.1 percent. 

 

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