Indonesia's Current Account Deficit Eases to 1.8%

Dian Ihsan Siregar    •    11 November 2016 19:47 WIB
finance and money
Indonesia's Current Account Deficit Eases to 1.8%
Illustration (Photo: BI), Jakarta: Indonesia's balance of payments swelled to USD5.5 billion in third quarter from USD2.2 billion in second quarter.

Meanwhile, the nation's current account deficit eased to 1.8 percent of GDP in third quarter from 2.2 percent of GDP in second quarter.

Bank Indonesia statistics department head Hendy Sulistiowati said higher balance of payments will bolster foreign exchange reserves. The central bank recorded that foreign exchange reserves reached USD115.7 billion in September.

"We will monitor internal and external risks that could threaten balance of payments" said Hendy in Jakarta on Friday (11/11).

Hendy added BI will continue its macroprudential and monetary policies. The central bank will also strengthen coordination with the government.