دعم APBN، بنك إندونيسيا بورونج SBN Rp101.91 تريليون اعتبارا من 16 أبريل 2021

Illustration. (Photo: By courtesy)

JAKARTA - Bank Indonesia (BI) said that it has purchased Government Securities (SBN) worth IDR101.91 trillion until April 16, 2021.

BI Governor Perry Warjiyo said that of this amount, IDR 28.33 trillion was reached through the main auction mechanism, and IDR 73.58 trillion through the Greenshoe Option (GSO) method.

"This step is in accordance with the joint agreement with the Minister of Finance which aims to help fund the 2021 State Budget (APBN) and is valid until 31 December 2021," he said in an online press conference after holding a Board of Governors Meeting (RDG), Tuesday, 20 April,

For information, in the last RGD BI revealed that up to March 16, 2021, the monetary authority had bought SBN of Rp.65.03 trillion obtained through the main auction of Rp.22.9 trillion and GSO of Rp.42.13 trillion.

"The current condition of banking liquidity is also in a loose condition thanks to the accommodative policy of Bank Indonesia which recorded Rp798.85 trillion or around 5.18 percent of GDP (gross domestic product)," he said.

On this occasion, Perry is also optimistic that the acceleration of the national economic recovery will be even stronger thanks to the government's fiscal support and fairly good export performance throughout the first quarter of 2020.

"Bank Indonesia will continue to support national policies by strengthening synergies with the government in the Financial System Stability Committee (KSSK)," he added.

On this occasion, the central bank also decided to maintain the BI 7-Day Reverse Repo Rate (BI7DRR) at 3.50 percent.

In addition, the monetary authority also did not change the deposit facility interest rate at 2.75 percent, and the lending facility rate at 4.25 percent.