During a virtual press conference to announce the results of the Bank Indonesia (BI) Board of Governors Meeting on Wednesday (18/6/25,) BI Governor Perry Warjiyo, said that BI has purchased Government Bonds (SBN) worth IDR 124.33 trillion throughout the current year, 2025, according to reporting from Tempo.
Perry stated that the purchase of SBNs aims to strengthen the expansion of monetary policy liquidity, as well as reflect the synergy between monetary and fiscal policies.
BI purchased the SBN through the secondary market, amounting to IDR 87.04 trillion. Meanwhile, in the primary market, BI purchased state treasury notes (SPN), including Sharia notes, amounting to IDR 37.29 trillion, says Tempo.
According to Perry, the central bank continues to optimize pro-market monetary operation strategies to support the effectiveness of monetary policy transmission through liquidity sufficiency. For example, pro-market monetary instruments such as the Rupiah Securities of Bank Indonesia (SRBI), Foreign Exchange Securities of Bank Indonesia (SVBI), and Foreign Exchange Sukuk of Bank Indonesia (SUVBI).
As of June 16, 2025, the total position of SRBI instruments stood at IDR 811.11 trillion, thus supporting the expansion of the monetary policy liquidity. Meanwhile, the positions of SVBI and SUVBI instruments in the same period were recorded at USD 2,060.5 million and USD 480 million, respectively. Perry stated that the implementation of primary dealers since May 2024 has also increased SRBI transactions in the secondary market and inter-party market repurchase agreements, says Tempo.
Perry emphasized that the central bank will continue to strive to improve the effectiveness of monetary policy, so that the inflation target can be achieved and the stability of the rupiah exchange rate can be maintained. “In the future, Bank Indonesia will continue to optimize pro-market monetary operation strategies to improve the effectiveness of monetary policy transmission in achieving the inflation target and maintaining the stability of the rupiah exchange rate,” said Perry.
Source: Tempo
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