Bank Indonesia Reveals Money Market Interest Rate Moves In BI Rate

BI Governor Perry Warjiyo (Photo: dock. Antara)

JAKARTA - Bank Indonesia (BI) revealed that the money market interest rate (InDONIA) continues to move around BI-Rate, which is 6.20 percent on November 19, 2024.

BI Governor Perry Warjiyo conveyed that SRBI interest rates for tenors 6, 9, and 12 months on November 15, 2024 were recorded at the level of 6.79 percent, 6.85 percent, and 7.07 percent, respectively, still attractive to support foreign capital inflows.

"The yield of SBN tenors is 2 years and 10 years, as of November 19, 2024, an increase to 6.44 percent and 6.86 percent respectively in line with the increase in UST yields," he said at a press conference, Wednesday, November 20.

Meanwhile, Perry said that adequate banking liquidity is in line with the implementation of the Bank Indonesia policy mix, including the Macroprudential Liquidity Incentive Policy (KLM).

Perry conveyed that adequate liquidity and banking efficiency in improving price formation, among others, was driven by transparency of the SBDK, having a positive impact on maintained banking interest rates.

Meanwhile, Perry said that banking liquidity remained adequate, as reflected in the ratio of Liquid Equipment to Third Party Funds (AL/DPK) in October 2024 which was high at 25.58 percent.

Meanwhile, the banking capital adequacy ratio (CAR) in September 2024 was recorded at 26.78 percent, classified as strong in absorbing risks and supporting credit growth.

Meanwhile, the ratio of banking non-performing loans (NPL) in September 2024 was maintained low, at 2.21 percent (gross) and 0.78 percent (neto).

According to Perry, the 1 month deposit interest rate and credit interest rate in October 2024 were recorded at 4.73 percent and 9.17 percent, slightly lower than the previous month's level.