JAKARTA: Bank Indonesia expected capital inflow in 2012 will not as fine as this year so it will give significant effect to the economy.Governor Darmin Nasution stated economic condition on developed countries are improving thus gap with emerging markets is narrower.As the result, capital inflow to emerging markets is not as swift as before so rupiah exchange rate might weaken than this year. It might between IDR8,600-IDR9,100 per US dollar, he said in sideline meeting with The Parliament. Other causes that also influences exchange rate is high import particularly raw material, although on the other hand there is still growth in exports. It creates a higher demand for US dollar.Throughout 2011, the rupiah is traded in the range IDR8.500-IDR9.000 per US dollar. Meanwhile, the average exchange rate since the beginning of this year until today is at the level IDR8.780 per US dollar.In general, the central bank fixes the number of macro assumptions in 2012 as more conservative than the government. In the matter of economic growth,. Central bank sets lower target than the government due to, to date, there is no clarity about the increase in subsidized fuel prices.We also asked government to accelerate infrastructure development so we can reach the targeted growth.BIs Deputy Governor Hartadi A. Sarwono believed capital inflow in 2Q/2011 will be better than 1Q/2011. Such condition possibly makes rupiah more appreciative and lead to a dilemma for monetary authorities.On one hand, it will be positive for economic environment while on the other side it will erode export competitiveness and disturbed economic growth if capital flight occurred.For the reason, BI will use monetary instruments carefully to intervene rupiah. From fiscal side, BI hopes government will do the same think to enlarge fiscal risk reverse and state bond stabilization fund.National Development Planning Agency (Bappenas) believed the government can seize the capital inflows opportunities by realizing the existing policy.Bappenass Director of Macroeconomic Planning Bambang Prijambodo stated current capital inflow potentially boosts direct investment. Thus, the flow of capital is not just flushed the capital markets, but also flowing into the real sector.Based on his statement, capitals to Indonesia and Asia countries mostly came from Europe and US. Asia was chosen to be investment destination because of stronger economic fundamentals than the two regions. (t05/msw)

---

Artikel Terkait

Berita Lainnya

Berita Terbaru