Investor Presentaiton
BGM 20-21 JANUARY 2021
Further Strengthening of an Accommodative Bank Indonesia's Policy Mix
BGM 18-19 NOVEMBER
2020
BGM 16-17 DECMBER 2020
BGM:
Lower BI
7-day
Reverse
Repo Rate
Stabilization
Of The
Rupiah
Money
Market &
Foreign
Exchange
Quantitative
Easing
Macro-
Prudential
Policy
Payment
System
Policy
Board of Governor Meeting
Source: Bank Indonesia
1.
1. BI7DRR lower 25 bps at 3,75% for
maintain external stability and inflation
is predicted to remain low
2.
3.
providing
economic
recovery,
including
Hold BI7DRR at 3,75% % for maintain external
stability and inflation is predicted to remain low
Maintaining rupiah stabilization policy in line with
fundamental value & market mechanisms
Strengthening MO strategy in order to accelerate
monetary policy
1.
2.
3.
4.
2. Focusing on the quantity channel by
liquidity to stimulate
supporting Government in accelerating
2020 state budget realization
3. Maintaining rupiah stabilization policy
in line with fundamental value &
market mechanisms
4. Strengthening MO strategy to
accelerate MP transmission
5. Accelerate the deepening of the
development of the foreign exchange
market and the domestic financial
market through the implementation of
BPPU 2025
6. Maintain a CCB ratio of 0%, RIM 84-
94%, PLM 6% as well as 6% repo
flexibility and LTF / FTV ratio for
property loans.
7. Strengthening macroprudential policy
to stimulate inclusive financing, in
particular for small and medium
enterprises (SMEs)
8. Strengthening payment system
digitalization in order to build economic
recovery momentum through several
digital transformation initiatives,
including: expanding access to digital
financial economy services for SMEs &
public, collaboration between banks &
fintech; promoting broader acceptance
of digital payments through the QRIS
9. Reducing service fees for the BI-RTGS,
Extending the period of lower service
fees for the SKNBI, & lower payment
limit and late payment fees for CC
5.
6.
7.
8.
9.
Strengthening accommodative macroprudential
policy to stimulate growth of loans allocated to
priority sectors towards national economic
recovery, while maintaining financial system
resilience
Promoting lower lending rates through close
supervision and public communication in
coordination with the Indonesian Financial Services
Authority (OJK) in terms of interest rate
transparency in the banking industry
Strengthening money market deepening by
expanding underlying DNDF to boost liquidity and
reinforce JISDOR as a reference for exchange rate
setting in forex market
Strengthening integrated bank supervision
coordination between BI, OJK and LPS to maintain
financial system stability
Accelerating digital transformation & synergy to
strengthen economic recovery momentum with
robust payment system policy and faster
implementation of BSPI'25
Extending the 0% MDR on QRIS transactions for
micro enterprises until 31/3/2021
10. Strengthening and expanding electronification and
digitalization centrally and regionally
11. Promoting technology innovation, utilization &
collaboration between the banking & FinTech
industries through faster implementation of
Sandbox 2.0, encompassing, i.g: the regulatory
sandbox, industrial tests, innovation lab & start-ups
4.
5.
6.
7.
8.
Hold the BI 7-Day Reverse Repo Rate at 3.75%, while also
maintaining the Deposit Facility (DF) rates at 3.00% and Lending
Facility (LF) rates at 4.50%.
Maintaining rupiah exchange rate stabilisation policy in line
with the currency's fundamental value and market mechanisms.
Strengthening the monetary operations strategy in order to
reinforce the accommodative monetary policy stance.
Accelerating money market deepening by strengthening JISDOR
as a rupiah reference rate against the US dollar in order to
increase domestic foreign exchange market credibility and
support exchange rate stability in Indonesia. BI has
strengthened JISDOR in terms of the methodology, transaction
monitoring period and publication schedule.
Strengthening accommodative macroprudential policy to
stimulate growth of loans/financing allocated to priority sectors
towards national economic recovery.
Promoting lending rate transparency in the banking industry in
order to accelerate monetary and macroprudential policy
transmission.
Strengthening coordinated and integrated bank supervision
between Bank Indonesia, the Indonesian Financial Services
Authority (OJK) and Deposit Insurance Corporation (LPS) to
maintain financial system stability.
Strengthening payment system policy and rupiah currency
management to establish a digital economy and finance
ecosystem in order to accelerate the economic recovery by:
a. Applying an integrated and collaborative strategy to expand
QRIS acceptance to 12 million merchants, while developing
QRIS features, such as transfers, withdrawals and deposits,
in order to boost public QRIS acceptance.
b. Implementing payment system regulatory reforms in
accordance with Bank Indonesia Regulation (PBI) No.
22/23/PBI/2020 through industry restructuring, license
reclassification, ownership, technological innovation,
including data and information, as well as strengthening
supervision, including cyber risk management.
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