- Indonesia still enjoys net foreign capital inflows thanks to SRBI, although the SRBI-driven inflows do not seem to resonate with the Rupiah’s value.
- The robust foreign demand for SRBI seems to reflect investors’ demand for a higher rate rather than the improving optimism on the Indonesian market.
- An accelerated SRBI issuance may intensify the crowding-out effect from others to the SRBI market, which may compel BI to increase its presence in the SBN market.
