BI Menyahigi Suku Bunga Acuan 50 Bps, Kini Menjadi 5,25 Persen

Illustration (Photo: Doc. Antara)

JAKARTA - The Board of Governors' Meeting (RDG) of Bank Indonesia (BI) in November 2022 decided to raise the benchmark interest rate by 50 basis points (bps) to 5.25 percent from the previous 4.75 percent.

BI also raised the deposit facility and lending facility interest rate by 50 bps to 4.5 percent and 6 percent, respectively.

Gubernur BI, Perry Warjiyo dalam pemparaannya mengatakan, keputusan ini diambil sebagai langkah lanjutan secara front load preemptive dan forward looking untuk menurunkan ekspektasi inflasi yang saat ini masih tinggi.

"This is also to ensure core inflation returns to its target 3 plus minus 1 percent earlier, namely the first half of 2023," Perry said in an online presentation, Thursday, November 17.

Perry menambahkan, dengan keputusan ini BI berharap rupiah bisa sejalan dengan nilai fundamentalnya akibat kuatnya mata uang dolar AS dan tinggi ketidakpastian pasar keuangan global, di tengah peningkatan permintaan ekonomi domestik yang tetap kuat.

BI, he said, also continues to strengthen the response of the policy mix to maintain stability and momentum for economic recovery through 7 steps.

First, strengthening monetary operations through an increase in interest rate structure in the money market in accordance with the BI7DRR interest rate increase to reduce inflation expectations and ensure core inflation returns to its target early.

Second, strengthening the stabilization of the Rupiah exchange rate by staying in the market as part of efforts to control inflation, especially imported inflation, through intervention in the foreign exchange market either through spot transactions, Domestic Non Deliverable Forward (DNDF), as well as purchasing/selling of Government Securities (SBN) in the secondary market.

Third, continue the sale/purchase of SBN in the secondary market to strengthen the transmission of the BI7DRR increase in increasing the attractiveness of SBN yields for the entry of foreign portfolio investors in order to strengthen the stabilization of the rupiah exchange rate.

Fourth, issue Bank Indonesia (SukBI) sukuk instruments that use underlying in the form of inclusive financing securities (SukBI) and are recognized as Inclusive Financing Securities (SBPI), in line with Bank Indonesia's commitment to continue to support inclusive financing and economic and Islamic financial development.

Fifth, continue the policy of transparency of the Basic Interest Rate of Credit by deepening the assessment regarding the response of the banking interest rate to the policy interest rate (Lampiran).

Sixth, continue to encourage the use of QRIS and continue to develop QRIS features and services including the expansion of QRIS between countries in line with the target of 15 million new QRIS users in October 2022.

And finally, encouraging payment system innovation, including continuing BI-FAST acceptance to the public through expanding membership and service channels and continuing to carry out public communication regularly.