Bank Indonesia (BI) has revealed that it has purchased State Securities (SBN) until February 18, 2026, reaching Rp. 39.92 trillion, including purchases in the secondary market of Rp. 20.23 trillion.
Governor of BI Perry Warjiyo conveyed that the purchase of SBN was in the form of close synergy between monetary and fiscal policies.
"The purchase of SBN in the secondary market is carried out according to market mechanisms, measured, transparent, and consistent with monetary programs in maintaining economic stability so that it can continue to maintain the credibility of monetary policy," he said in a press conference, Thursday, February 19.
He added that Bank Indonesia's monetary policy continues to be strengthened to encourage higher economic growth while maintaining economic stability.
Meanwhile, the BI-Rate interest rate in January 2026 will be maintained at the lowest level since 2022, namely 4.75 percent, after falling 150 bps since September 2024, 25 bps in September 2024 and 125 bps during 2025.
He said the policy to stabilize the rupiah exchange rate was also strengthened with interventions in the offshore market through NDF and interventions in the domestic market through the spot market, DNDF, and the purchase of SBN in the secondary market.
Meanwhile, the expansion of rupiah liquidity is also taken by Bank Indonesia through a reduction in the position of SRBI monetary instruments from Rp916.97 trillion at the beginning of 2025 to Rp819.50 trillion as of February 18, 2026.
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