JAKARTA - Bank Indonesia reported that until March 17, 2025, the position of SRBI, SVBI, and SUVBI instruments was recorded at IDR892.36 trillion, USD 2.30 billion, and USD 320 million, respectively.
"The non-resident ownership in SRBI as of March 17, 2025 reached Rp232.41 trillion or 26.05 percent of the total outstanding," said BI Governor Perry Warjiyo at a press conference in Jakarta, Wednesday, March 19.
Perry added that the implementation of major dealers (primary dealers) since May 2024 has also further increased SRBI transactions in the secondary market and repurchase agreement (repo) between market actors, thereby strengthening the effectiveness of monetary instruments in stabilizing the Rupiah exchange rate and controlling inflation.
Bank Indonesia, he said, also purchased SBN from the secondary market to strengthen monetary operations that reflect the close synergy between monetary policy and government fiscal policy.
As for 2025, until March 18, 2025, Bank Indonesia has purchased SBN of IDR 70.74 trillion, namely through the secondary market of IDR 47.31 trillion and the primary market in the form of State Treasury Letters (SPN), including sharia, amounting to IDR 23.43 trillion.
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On the other hand, Perry said that with the decline in BI-Rate in January 2025 and the monetary operation taken by Bank Indonesia, the decline in the money market interest rate (INDONIA) continued to 5.79 percent on March 18, 2025, from 6.03 percent in early January 2025.
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