As Of March 16, Bank Indonesia Has Purchased Government Debt Securities Of IDR 65.03 Trillion To Finance The State Budget

Governor of Bank Indonesia (BI), Perry Warjiyo. (Photo: Bank Indonesia)

JAKARTA - Bank Indonesia (BI) disclosed that Government Securities (SBN) amounted to IDR65.03 trillion as of March 16, 2021. Of this amount, IDR22.9 trillion was made through the main auction mechanism, and IDR42.13 trillion through the Greenshoe Option ( GSO).

BI Governor Perry Warjiyo said the effort was taken as a form of synergy with the government to finance the State Budget (APBN).

"This accommodative macro policy is a follow-up to support national economic recovery," he said virtually after holding a Board of Governors' Meeting (RDG), Thursday, March 18.

For information, the purchase value of SBN has increased from BI's previous announcement of IDR 40.77 trillion until February 16, 2021. This value is carried out in two schemes, namely through the main auction mechanism of IDR 18.16 trillion and through the Greenshoe Option (GSO) mechanism of IDR 22. , 61

On the occasion, Perry also revealed that the monetary authority 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 rate at 2.75 percent, and the Lending Facility rate at 4.25 percent.

"This decision was taken to reduce instability in the international market and also to maintain the rupiah exchange rate," he concluded.