Indonesia central bank targets 30% increase in repo deals this year

JAKARTA, May 29 (Reuters) - Indonesia's central bank aims to increase repurchase agreements between commercial banks by 30% this year to 1,026 deals after 76 banks signed a repo master agreement on Monday, its deputy governor said.

An increase in repo transactions would deepen the financial market and help banks manage short-term liquidity issues in Southeast Asia's largest economy, Destry Damayanti, senior deputy governor of Bank Indonesia said in a speech at the signing ceremony.