Investor Presentaiton
Bank Indonesia's Policy Mix
Synergy to Build Economic Recovery Optimism
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1
1
Maintaining accommodative monetary policy stance
(lowering policy rate 125bps in 2020, and 25ps in February
2021).
Maintaining rupiah exchange rate stabilisation policy in line
with the currency's fundamental value and market
mechanisms.
Strengthening the monetary operations strategy to
reinforce the accommodative monetary policy stance.
Focusing on the quantity channel by providing liquidity to
stimulate economic recovery
1R
Monetary
Policy
$ 2
Macro-
prudential
Policy
B BANK INDONESIA
BANK SENTRAL REPUBLIK INDONESIA
3
1 Strengthening accommodative macroprudential policy
to stimulate growth of loans/financing allocated to
priority sectors, incl. SMEs, and inclusion of export L/C
as a financing component to stimulate bank lending to
the corporate sector and export-oriented businesses.
Accommodative macroprudential policy stance by:
Relaxing the Loan/Financing-to-Value (LTV/FTV) ratio
on housing loans/financing
1
Relaxing down payment
automotive loans/financing
requirements on
Holding the countercyclical buffer (CCB) at 0%,
Macroprudential Intermediation Ratio (MIR) in the
84-94% range,
Macroprudential Liquidity Buffer (MLB) at 6% with
6% repo flexibility,
Relaxing credit card policy
Controlling inflation through Inflation Control Team in
national and regional level.
Supporting the 2020 state budget through SBN purchases
in the primary market in line with Act No. 2/2020, while
maintaining macroeconomic stability.
1 Supporting national economic recovery program thru
Burden Sharing Scheme with the MOF
1
Promoting lower lending rates through close supervision
and public communication in coordination with OJK.
Strengthening policy coordination with the Government
and Financial System Stability Committee to maintain
macroeconomic and financial system stability.
Coordination
with other
Authorities
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4
Financial Market
Deepening
Payment
System
Policy
Accelerating digital transformation
payment
system policy and faster implementation of
Indonesia Payment System Blueprint 2025
1 Strengthening and expanding electronification:
Social program, e-payment for Government
Expanding of QRIS (QR Indonesia Standard)
acceptance
Strengthening money market deepening by expanding
underlying DNDF to boost liquidity and reinforce JISDOR as a
reference for exchange rate setting in the forex market
Accelerating infrastructure development, including Electronic
Trading Platforms (ETP) as well as a Central Counterparty
(CCP)
Developing Money Market Development Blueprint 2025
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