Investor Presentaiton
Further Strengthening of an Accomodative Bank Indonesia's Policy Mix
BGM:
Lower BI
7-day
Reverse
Repo Rate
Stabilization
Of The
Rupiah
1.
BGM 19-20 FEB,
2 MAR, AND 18-
19 MAR 2020
Lower BI7DRR by 25
bps in February to
4,75%, and other 25
bps in March to 4,50%
2. Lower a 50bps of daily
rupiah
reserve
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%
Money
Market &
4. Rupiah
Foreign
Exchange
Quantitative
Easing
Macro-
Prudential
Policy
Payment
System
Policy
Board of Governor Meetin
Source: Bank Indonesia
accounts
(vostro) of foreign
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
intensity of
intervention policy
the
triple
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
investors
as
underlying of DNDF
5. Strengthening Monetary
operations and Islamic
financial
market
for
deepening
through
FLISBI, PASBI and SIPA
5. Domestic custodian
bank
investors
global
6. Triple intervention:
spot, DNDF, &
purchasing SBN in the
secondary market
7. Daily FX swap auction
and Repo auction of
SBN
8. Liquidity injection
through monetary
operation
9. Relaxation of Macro-
prudential
Intermediation Ratio
campaign to
10. QRIS
SME,
traditional
markets, students and
worship places
11. Lower SKNBI cost
by
6. Relaxing the additional
demand
deposit
obligations on the MIR
7. Raised the MLB
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 Government & other
authorities
10.Accelerating
implementation
of
digital
economy
&
finance
BGM 17-18 JUNE
2020 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
market
mechanisms
3. Providing
and
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:
ā firmly
committed to
funding the APBN 2020
through SBN purchases
in the primary market to
finance the budgets for
healthcare,
protections,
social
sectoral
government ministries
government
and agencies & local
ā 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 AUGUST 2020
BGM 16-17 SEPTEMBER 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;
of
8. Accelerating development
market
money
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
BGM 18-19
NOVEMBER 2020
1. BI7DRR lower 25 bps at 3,75% for
maintain external stability and
inflation is predicted to remain low
2. Focusing on the quantity channel by
providing liquidity
stimulate
economic
supporting
to
recovery, including
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
order
build
economic
to
in
recovery momentum
through several digital transformation
initiatives, including: expanding
access to digital financial economy
services for SMES & public,
collaboration between banks &
fintech;
acceptance
promoting
of digital
through the QRIS
broader
payments
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 CCView entire presentation