Indonesia govt sees limited impact on yields from central bank bond sales

FILE PHOTO: A customer holds Indonesian rupiah bank notes at a money changer in Jakarta, Indonesia August 13, 2018. REUTERS/Willy Kurniawan
JAKARTA : Bank Indonesia's operation to sell some of its government bond holdings has had limited impact on yields, a senior finance ministry official said on Wednesday, saying he believes the central bank would be measured and prudent in its sales.
The central bank currently holds around 25 per cent of tradeable government bonds, Luky Alfirman, head of the ministry's financing department, told a news conference.