2022 State Budget and Fiscal Incentives Presentation
Macroprudential Liquidity Buffer (MLB) Policy and Credit card policy
Policy to increase the Macroprudential Liquidity Buffer (MPLB), effective 1st May 2020.
Regulation
Before
1
Increase in the Macroprudential Liquidity Buffer
(MLB) for conventional commercial banks
4% of rupiah deposits
After
6% of rupiah deposits
2
Increase in the Macroprudential Liquidity Buffer
(MLB) for Islamic banks and Islamic business units
4% of rupiah deposits
4.5% of rupiah deposits
Board of Governor Meeting January 2022 :
Macroprudential Liquidity Buffer (MPLB) at 6% with repo flexibility of 6% and the sharia MPLB at 4.5% with repo flexibility of 4.5%
Regulation
1
Lower upper limit on credit card interest
2
Temporary reduction of minimum payment
requirements
Credit card policy, effective 1st May 2020.
Before
2.25% per month
10%
After
1.75% per month
5%
Effective Period
1st July 2021
until 30th June 2022
3 Temporary reduction of late payment penalties
3% or maximum of
1% or maximum of
until 30th June 2022
Rp150,000
Rp100,000
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