BI Has Purchased SBN Capai IDR 268.36 Trillion Until October 21, 2025

JAKARTA - Bank Indonesia (BI) revealed that it had purchased Government Securities (SBN) until October 21, 2025, reaching IDR 268.36 trillion, including purchases in the secondary market and a debt switching program with the Government of IDR 199.45 trillion.

BI Governor Perry Warjiyo said the purchase of SBN in the secondary market was carried out according to market mechanisms, measurable, transparent, and consistent with monetary programs in maintaining economic stability so that they could continue to maintain the credibility of monetary policy.

"Monetary policy is also supported by the macroprudential liquidity incentive (KLM) policy and the acceleration of digitalization of payment systems in order to encourage economic growth," he said at a press conference, Wednesday, October 22.

Perry conveyed the purchase of SBN from the secondary market, as a form of close synergy between monetary policy and the Government's fiscal policy.

In addition, he conveyed that the expansion of Rupiah liquidity was also pursued by Bank Indonesia through a decrease in the position of SRBI's monetary instruments from Rp916.97 trillion in early 2025 to Rp707.05 trillion on October 21, 2025.

Perry said that until August 15, 2025, the total position of the Rupiah Bank Indonesia Securities (SRBI) instrument was recorded at IDR 720.01 trillion, down from IDR 916.97 trillion in early January 2025.

According to him, Bank Indonesia's policy mix continues to be strengthened to encourage economic growth while maintaining economic stability.

He added that monetary policy was pursued through a reduction in the BI-Rate interest rate, stabilization of the Rupiah exchange rate, and expansion of monetary liquidity.

"BI-Rate has fallen by 150 bps since September 2024 to 4.75 percent, which is the lowest level since 2022. The policy of stabilizing the Rupiah exchange rate continues to be strengthened by intervention in the off-shore market through NDF and intervention in the domestic market through the spot market, DNDF, as well as the purchase of SBN in the secondary market," he said.

In line with that, Perry said that Bank Indonesia sets a competitive interest rate for foreign exchange monetary instruments to maintain the attractiveness of fund placement in Indonesia which can support the stability of the Rupiah exchange rate.