JAKARTA - Bank Indonesia (BI) will increase the incentives for Macroprudential Liquidity Policy (KLM) for the banking sector to 5 percent of the Third Party Fund (DPK) to reduce the obligation of the Minimum Mandatory Girob (GWM).
"The governor's meeting has decided to increase the liquidity incentive policy from 4 percent to 5 percent of third party funds," said BI Governor Perry Warjiyo at a press conference, Wednesday, February 19.
In addition, Perry conveyed that this policy also aims to support the housing sector, including public housing, namely with incentive funds which previously amounted to IDR 23.19 trillion, which would be increased gradually to reach IDR 80 trillion.
Perry said that Bank Indonesia will also continue to review and provide support through other policies, including liquidity incentives, for other sectors, such as downstreaming of industry and agriculture.
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In addition, Perry said that Bank Indonesia will continue to coordinate with the relevant ministries to make the ASTA CITA program successful in order to achieve the 8 percent economic growth target.
"We believe that these CITA ASTA programs will gradually increase our growth to 8 percent," he said.
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