09:53 Exclusive Video Dialogue: BI Raises Interest Rates, MAMI Uses This Investment Strategy My Money – 59 minutes ago

Jakarta, CNBC Indonesia- Director & CIO of Fixed Income Manulife Asset Management Indonesia (MAMI), Ezra Nazula sees Bank Indonesia’s move to raise the BI7DRR benchmark interest rate to 6% as one of the central bank’s strategies to maintain the exchange rate and restrain capital outflow.

Ezra is optimistic that when expectations of interest rate cuts begin to strengthen and the exchange rate becomes more stable, the flow of foreign funds will return to the capital market.

Facing the current market turmoil, MAMI implements an active management strategy in managing investment portfolios, including fixed income mutual funds. As currently there is a prospect of shifting to short-tenor instruments to reduce risk.

How do market players view global market turmoil? What is the effect on investment management? For complete details, see Shinta Zahara’s dialogue with the Director & Chief Investment Officer of Fixed Income PT Manulife Aset Manajemen Indonesia, Ezra Nazula at Power Lunch,CNBCIndonesia (Tuesday, 10/31/2023)

Watch live streaming of other CNBC Indonesia TV programs here