2022 State Budget: Fiscal Policy and Structural Reform
Bank Indonesia Policy Mix: December 2021
BB BANK INDONESIA
BANK SENTRAL REPUBLIK INDONESIA
The BI Board of Governors agreed on 15th and 16th December2021 to hold the BI 7-Day Reverse Repo Rate at 3.50%, while also
maintaining the Deposit Facility (DF) rates at 2.75% and Lending Facility (LF) rates at 4.25%.
୪୧
Rp
Hold the
BI 7-Day
Reverse
Repo Rate
at 3.50%
•
•
Monetary policy in 2022 will be
oriented towards maintaining
stability, while pro-growth
macroprudential and payment
system policies will focus on
driving economic growth
together with money market
deepening as well as an
inclusive and green economy
and finance.
Continuing the strengthening
strategy
for
monetary
the
operations to reinforce the
effectiveness
of
accommodative monetary policy
stance.
Maintaining
rupiah
exchange rate
policy to
preserve
stability in line
with the
currency's
fundamental
value and
market
mechanisms.
•
Strengthening prime lending
rate (PLR) transparency in the
banking industry by deepening
the assessment of prime
lending rate spread against
term deposit rates by bank
group (Appendix).
Maintaining the Rp1 fee
charged by Bank Indonesia to
banks using the National
Clearing System (SKNBI) and
Rp2,900 maximum charged by
banks to their customers,
which was due to end on 31st
December 2021, until 30th
June 2022
Targeting 15
million new QRIS
users in 2022 to
boost QRIS
transactions
through
coordination with
Payment Service
Providers (PSP)
and relevant
government
ministries/agenci
es.
Promoting trade and
investment as well as
continuing to socialise
Local Currency
Settlement (LCS) in
conjunction with other
relevant institutions.
In December 2021
and January 2022,
promotional activities
will be organised in
China and Finland.
Source: Bank Indonesia
138View entire presentation