Illustration (Photo:Medcom.id/M Rizal)
Illustration (Photo:Medcom.id/M Rizal)

BI Continues to Strengthen Synergic Monetary Expansion

English indonesian economy (en)
Husen Miftahudin • 17 September 2020 20:25
Jakarta: Bank Indonesia (BI) continues to strengthen synergic monetary expansion through the acceleration of fiscal stimuli by the Government to drive the national economic recovery.
 
The central bank continues its commitment to funding the 2020 state budget through SBN purchases in the primary market in accordance with Act No. 2 of 2020 through market mechanisms and private placements as part of the efforts to accelerate the national economic recovery program, while maintaining macroeconomic stability.
 
As of September 15, BI had purchased Rp48.03 trillion of SBN in the primary market through mechanisms pursuant to the Joint Decree of the Minister of Finance and Governor of Bank Indonesia issued on April 16, through auction schemes, greenshoe options (GSO) and private placements.

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"Meanwhile, funding realisation and burden sharing to fund Public Goods in the State Budget by Bank Indonesia through private placements based on the Joint Decree of the Minister of Finance and Governor of Bank Indonesia issued on July 7, currently stand at Rp99.08 trillion," BI Governor Perry Warjiyo said here on Thursday.
 
Through BI's commitment to purchase SBN in the primary market, the Government can focus on accelerating state budget realisation in order to stimulate national economic recovery.
 
In addition, BI has also realised burden sharing with the Government to fund Non-public Goods-SME totalling Rp44.38 trillion in accordance with the Joint Decree of the Minister of Finance and Governor of Bank Indonesia issued on July 7.
 
(WAH)

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