Jakarta (ANTARA) – Bank Indonesia (BI) and the Ministry of Finance are reinforcing coordination between fiscal and monetary policies to maintain the stability of the rupiah exchange rate and support national economic growth.BI Governor Perry Warjiyo said during a press conference on Saturday that coordination has remained strong and will continue to be enhanced to address various economic challenges.”We continue to strengthen fiscal and monetary coordination, and the current focus is supporting and strengthening each other within their respective authorities. This is to strengthen joint efforts to stabilize the rupiah exchange rate,” Warjiyo remarked.According to him, two steps have been agreed upon to strengthen fiscal and monetary coordination to support rupiah stability. The first step involves increasing the attractiveness of domestic financial instrument yields to encourage the return of foreign capital inflows.”The first is to increase the attractiveness of yields to encourage portfolio inflows to return. Higher foreign interest rates have led to fund outflows, particularly from stocks, government securities, and a smaller portion from SRBI holdings,” Warjiyo explained.Therefore, the fiscal and monetary authorities have agreed to jointly increase the attractiveness of yields to ensure this inflow returns and support rupiah exchange rate stability, he added.The second step is to maintain adequate liquidity in the money market and banking sector through the management of government cash, which remains placed at Bank Indonesia, accompanied by an increase in the remuneration paid by BI to the government.”This way, monetary operations will continue to support the stability of the rupiah exchange rate, while fiscal operations will also support it,” Warjiyo remarked. Meanwhile, Minister of Finance Purbaya Yudhi Sadewa conveyed his support to strengthen coordination between fiscal and monetary policies to optimize their impact on the economy.”We will support the central bank and strengthen coordination for a more synchronized policies, allowing monetary and fiscal measures to have a greater impact on the economy,” he said.He noted that improved policy synchronization is expected to boost market confidence, reinforce rupiah stability, and sustain national economic growth momentum.