BI: SRBI Position Shrinks To IDR 699.30 Trillion As Of November 17, 2025

JAKARTA - The issuance of Bank Indonesia Securities (SRBI) is recorded to continue to decline as part of the liquidity expansion strategy.

Governor of Bank Indonesia (BI) Perry Warjiyo said that the position of SRBI, which was originally IDR 916.97 trillion in early 2025, had decreased to IDR 699.30 trillion as of November 17, 2025.

"The rupiah liquidity expansion was also taken by Bank Indonesia through a decrease in the position of the SRBI monetary instrument," Perry said at a press conference, Wednesday, November 19.

In addition, Bank Indonesia purchased SBN as a form of close synergy between monetary policy and fiscal policy, which until November 18, 2025 reached IDR 289.91 trillion, including purchases in the secondary market and a debt switching program with the Government of IDR 212.60 trillion.

He added that 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.

Perry said that Bank Indonesia continues to strengthen monetary policy to encourage economic growth while maintaining economic stability.

"Monetary policy is pursued through a reduction in BI-Rate interest rates, stabilization of the Rupiah exchange rate, and expansion of monetary liquidity," he explained.

The BI-Rate has fallen by 150 bps, namely 25 bps in September 2024 and 125 bps during 2025 to 4.75 percent until October 2025, which is the lowest level since 2022.

He conveyed that the policy of stabilizing the Rupiah exchange rate continues to be strengthened by intervention in the off-shore market through the NDF and intervention in the domestic market through the spot market, DNDF, as well as the purchase of SBN in the secondary market.

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.