September 18, 2025 | 02:59 pm
TEMPO.CO, Jakarta - Bank Indonesia (BI) has purchased Government Securities (SBN) worth Rp217.1 trillion as of September 16, 2025. The amount includes Rp160.07 trillion in secondary market purchases through a debt-switching program with the government.
BI Governor Perry Warjiyo said the move reflects strong synergy between monetary and fiscal policies. “Bank Indonesia’s purchase of SBN is part of our close synergy with fiscal policy,” Perry stated during a virtual press conference on Wednesday, September 17, 2025.
He emphasized that SBN purchases in the secondary market follow market mechanisms and are carried out in a measured, transparent, and consistent manner. The program, he added, aims to maintain economic stability and reinforce monetary policy credibility.
“Monetary policy is also supported by macroprudential liquidity incentives and the acceleration of payment system digitalization to spur economic growth,” Perry said.
At the same time, BI has expanded liquidity by reducing the position of its monetary instrument SRBI from Rp916.97 trillion at the start of 2025 to Rp716.62 trillion as of September 15, 2025.
Looking ahead, BI projects Indonesia’s economic growth for the second half of 2025 to reach between 4.6 and 5.4 percent, with momentum expected to strengthen on the back of government spending.
“With stronger synergy between BI and government policies, growth in the second semester of 2025 is expected to improve, landing above the mid-point of the 4.6–5.4 percent range,” Perry said.
Despite the positive outlook, Perry acknowledged that household consumption remains subdued, weighed down by weaker consumer confidence, particularly among lower-middle-income groups, and limited job opportunities.
To sustain growth, he stressed the importance of boosting investment through faster realization of priority government programs, including the development of Special Economic Zones (SEZs) across the country.
Exports are also expected to improve, supported by higher shipments of agricultural and manufacturing products, especially palm oil exports to India following a reduction in import duties.
“Bank Indonesia will continue to strengthen synergy with fiscal stimulus and the real sector to drive growth while safeguarding stability,” Perry said.
Editor’s Choice: Fed Cuts Interest Rates to 4-4.25%
Click here to get the latest news updates from Tempo on Google News
Fed Cuts Interest Rates to 4-4.25%
5 jam lalu
The U.S. Federal Reserve has finally cut the benchmark interest rate on Wednesday, September 17, 2025, local time or early Thursday Indonesian time.
Indonesia's Stock Index Closes Higher at 8,025 After BI Rate Cut
20 jam lalu
The Indonesia Composite Index (IHSG) closed up 67.48 or 0.85 percent to 8,025.18 after Bank Indonesia announced a cut in the benchmark interest rate.
Bank Indonesia Upbeat About Economic Growth in Late 2025
21 jam lalu
To further stimulate economic growth, Bank Indonesia is continuing to blend its monetary, macroprudential, and payment system policies.
Bank Indonesia Cuts Benchmark Interest Rate to 4.75%
23 jam lalu
Bank Indonesia has once again cut the benchmark interest rate, or BI rate, by 25 basis points to 4.75 percent.
Bank Indonesia's Rp200tn Transfer to State Banks Could Lower Loan Interest, Says Finance Minister
2 hari lalu
Finance Minister Purbawa Yudhi Sadewa stated that the transfer of Rp 200 trillion from Bank Indonesia to the Association of State-Owned Banks (Himbara) has the potential to lower loan interest.
Indonesia's Foreign Debt Falls Slightly to US$432.5 Billion in July 2025
2 hari lalu
BI noted that the foreign debt position in July 2025 amounted to US$ 432.5 billion or Rp 7,094.2 trillion, decreased compared to June 2025.
Indonesia's Rp200tn Fund Transfer to State Banks Yields 4% Interest
5 hari lalu
The Finance Minister is optimistic that the recipient banks will use these government funds to provide credit.
Indonesian Govt to Inject Rp200tn to State-Owned Banks, What Are the Risks?
5 hari lalu
Finance Minister to transfer Rp200 trillion from Bank Indonesia to six State-Owned Banks (Himbara). Here are the potential risks and considerations.
Finance Minister to Disburse Rp200 Trillion to Indonesia's State-Owned Banks
6 hari lalu
The Finance Minister, Purbaya Yudhi Sadewa, ensures the transfer of Rp200 trillion government funds from BI to six banks will start on September 12, 2025, to boost credit and the economy.
Retail Sales in Indonesia Expected to Slow in the Next 3-6 Months
6 hari lalu
A recent survey by Bank Indonesia reveals retailers' expectations for retail sales in the next three to six months are slowing down.
