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JAKARTA, Bank Indonesia rate needs to form a pooling fund has been reduced following the improvement in liquidity in the interbank money market.
"The idea of pooling funds established earlier that the Bank of Indonesia to this liquidity problem resolved itself by the market before they run to the BI. Polling is the same fund the joint efforts of several banks. However, I saw in recent days that the need for a bit faded," said BI Deputy Governor Muliaman D. Hadad to Bisnis.com in Jakarta, this weekend.
In February, the central bank board meeting Perbanas and Bankers Association of Indonesia (IBI) to discuss forming a consortium pooling funds or liquidity to solve the existing problems in the interbank money market (PUAB). The desire to establish this funding is expected to eliminate the segmentation in PUAB and can reduce overnight interbank interest rates.
Senior Economist BNI, Ryan Kiryanto never said pooling fund is intended as a standby strategy banks borrow any immediate liquidity needs that do not occur in PUAB turmoil. "If there is less liquidity banks, do not need loans to another bank overnight interest rate is costly. Pooling funds also eliminate segmentation in PUAB that mutual trust between banks. Finally, not a war that interest rates could come down," he said.
Perbanas menyusulkan time given the guarantee fund pooling is limited, especially for funds that are in the container. Perbanas chairman Sigit Pramono explained if there are transactions that occurred in PUAB outside pooling fund, is not guaranteed.
"If pooling is implemented with no guarantee it will be difficult because there is no bank would remain high because of the risk. Who would guarantee that the money did not come back," he emphasized.
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