Investor Presentaiton
Further Strengthening of an Accommodative Bank Indonesia's Policy Mixe
BGM:
Lower/Hol
dBI 7-day
Reverse
Repo Rate
Stabilization
Of The
Rupiah
Money
Market &
Foreign
Exchange
Quantitative
Easing
Macro-
Prudential
Policy
Payment
System
Policy
BGM 19-20 FEB, 2
MAR, AND 18-19
MAR 2020
1. Lower BI7DRR by 25 bps
in February to 4,75%,
and other 25 bps in
March to 4,50%
reserve
2. Lower a 50bps of daily
rupiah
requirement (RR) for
the banks engaged in
export-import financing,
and expanding rupiah
RR cut for SME
3. Lower Foreign Exchange
Reserve Requirement
from 8% to 4%
4. Rupiah
(vostro)
accounts
of foreign
investors as underlying
of DNDF
5. Domestic
custodian
bank for global investors
6. Triple
intervention:
DNDF, &
spot,
purchasing SBN in the
secondary market
7. Daily FX swap auction
and Repo auction of SBN
8. Liquidity
through
operation
injection
monetary
9. Relaxation of Macro-
prudential
Intermediation Ratio
10. QRIS campaign to SME,
traditional markets,
students and worship
places
Board of Governor Meeting 11. Lower SKNBI cost
Source: Bank Indonesia
BGM 13-14 APRIL
AND 18-19 MAY
2020
1. Hold the BI 7-Day Reverse
Repo Rate at 4.50% for
external stability & stimulate
growth
2. Strengthening the intensity
of triple intervention policy
3. Providing liquidity for the
banking industry on
restructuring MSME loans
and ultra-micro with formal
loans
4. Lower the rupiah RR ratios
by 200bps for conventional
commercial banks and by
50bps for Islamic banks
5. Strengthening Monetary
operations and Islamic
financial market deepening
through FLisBI, PaSBI and
SiPA
6. Relaxing the additional
demand deposit obligations
on the MIR
7. Raised the MLB by 200bps
for conventional commercial
banks and by 50bps for
Islamic banks
8. Increasing the non-cash
payment instruments uptake
9. Strengthening policy mix
and coordination with the
other
&
Government
authorities
10.Accelerating
implementation of digital
economy & finance
BGM 17-18 JUNE
AND 15-16 JULY
2020
1. Lower BI7DRR to 4,00%, 25
bps in June and 25 bps in July
2. Maintaining Rupiah exchange
rate stabilization policy in line
with the currency's
fundamental value and
market mechanisms
3. Providing
reserve
requirement remuneration of
1.5% per year for banks
meeting daily and average
rupiah reserve requirements
4. Strengthening a synergized
expansive monetary policy
response with accelerated
fiscal stimuli from the
Government:
•
•
to
social
sectoral
firmly committed
funding the APBN 2020
through SBN purchases in
the primary market to
finance the budgets for
healthcare,
protections,
government ministries and
agencies &
local
government
Burden sharing with the
Government to accelerate
MSME and corporate
sector recoveries
5. Expediting payment system
digitalization to hasten the
digital economy and finance
implementation as part of the
economic recovery efforts
BGM 18-19 AUG, 16-17 SEP
AND 12-13 OCT 2020
1. Hold BI7DRR at 4,00%
2. Focusing on the quantity channel by providing liquidity to
stimulate economic recovery, including supporting
Government in accelerating 2020 state budget realization
3. Maintaining rupiah stabilization policy in line with
fundamental value & market mechanisms
4. Strengthening MO strategy in order to accelerate monetary
policy transmission
5. Accelerating money market and foreign exchange market
deepening through infrastructure development, including ETP
& CCP
6. Lowering the minimum limit of DP on green automotive
loans/financing from 5-10% to 0%, in compliance with
prudential principles
7. Extending the 50bps lower on rupiah reserve requirements, as
an incentive for banks disbursing loans to SMEs and for
export-import activity and to non-SMEs operating in priority
sectors as stipulated in the PEN, from 31 Dec' 20 previously
until 30 Jun'21;
8. Accelerating development of money market instruments to
support corporate and SME financing in line with the national
economic recovery program
9. Strengthening synergy with the banking industry, FinTech,
Government and relevant authorities to accelerate
digitalization, amongst others, by supporting SME
digitalization and the Made in Indonesia National Movement
(GERNAS BBI), and promoting the use of QRIS for e-commerce
10. Expanding QRIS acceptance to bolster economic recovery and
accelerate SME by extending 0% MDR for micro-businesses
from 30 Sept 20 previously until 31 Dec'20
11. Strengthening policy implementation to stimulate SMEs
through corporatization, increasing capacity, access to finance
as well as digitalization in line with Gernas BBI
12. Strengthening the digital economy & finance ecosystem
through the use of digital payment instruments &
collaboration between the banking industry, FinTech & e-
commerce to support PEN
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