Bank Indonesia (BI) resmi menahan suku bunga acuan atau BI Rate di level 5,75%. Keputusan ini ditetapkan dalam Rapat Dewan Gubernur Bank Indonesia (RDG BI) yang berlangsung pada 18-19 Februari 2025.
Gubernur BI Perry Warjiyo mengatakan keputusan ini diambil berdasarkan asesmen menyeluruh, proyeksi, ekonomi global, ekonomi domestik, kondisi moneter sistem keuangan dan pembayaran ke depan tersebut.
Gubernur BI Perry Warjiyo mengatakan keputusan ini diambil berdasarkan asesmen menyeluruh, proyeksi, ekonomi global, ekonomi domestik, kondisi moneter sistem keuangan dan pembayaran ke depan tersebut.
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00:30continue to be improved so that it can mitigate the impact of the pandemic
00:36to maintain stability and boost the domestic economic growth.
00:44Indonesia's economic growth is still good and needs to be continued to be boosted.
00:51In the 4-2024 trillion, the growth was recorded at 5.02% year-on-year,
01:01increased from 4.95% year-on-year in the previous trillion,
01:06so that the overall growth in 2024 reached 5.03% year-on-year.
01:16The growth is mainly contributed by domestic demand,
01:21thereby increasing household consumption and still better investment.
01:28From the field of business, the field of business, manufacturing industry, trading,
01:36as the main contributor, the growth has also grown well,
01:42in line with the domestic demand that is maintained.
01:46In terms of space or region, the highest growth rate is recorded in the Sulawesi, Maluku, Papua region.
01:55In the future, the Indonesian Bank expects economic growth in 2025
02:01in the range of 4.7% to 5.5% year-on-year.
02:09This prospect is influenced by the calculation of investment increases,
02:13especially non-construction investment.
02:16Meanwhile, household consumption needs to be pushed
02:21so that it can increase domestic demand.
02:27From the external, various efforts to strengthen exports need to continue to be increased
02:34in order to mitigate the slowdown of the demands of major trading partners countries.
02:41In this regard, the Indonesian Bank continues to optimize its policy
02:48to maintain stability and continue to push for sustainable economic growth.
02:57The stimulus of the macro-business policy and the acceleration of the digitalization of trading transactions
03:04continue to be strengthened so that the government's fiscal stimulus synergistically
03:10can push for economic growth.
03:13Moreover, the Indonesian Bank fully supports the implementation of the government's ASTA-CITA program,
03:21including for economic financing, digitization, as well as hillarization and food security,
03:28as well as strengthening coordination between the monetary policy and the fiscal policy of the government.
03:35The Indonesian payment system remains good and supports external security.
03:42In 2024, the Indonesian payment system is expected to record surplus
03:48as well as sustained running transaction deficit and continued capital and financial transaction surplus.
03:58The trade surplus continues in January 2025 as large as US$3.5 billion,
04:07increasing compared to the previous month's surplus.
04:12This development is supported by the export of several commodities such as
04:19precious metals and jewellery, chemical products, as well as rubber and goods from rubber.
04:27In the midst of the uncertainty of the global financial market,
04:32foreign capital flows to investment, Portofolio,
04:37up to the middle of the 1st quarter of 2025,
04:42up to 17th of February 2025,
04:45recorded a net inflow of US$1.5 billion.
04:52This development, among other things, is influenced by the flow of foreign capital into the SBN instrument,
05:00which is recorded as a net of US$0.5 billion.
05:07The Indonesian foreign exchange reserve position is high in January 2025
05:13as large as US$156.1 billion,
05:20equivalent to a 6.7-month import payment or 6.5-month import and foreign debt payment from the government.
05:30The position of this foreign exchange reserve is far above the international standard of sufficiency,
05:37which is around 3 months of import.
05:40In all, the Indonesian payment rate in 2025 is expected to be maintained,
05:49supported by a transaction deficit that remains healthy
05:54in the range of 0.5% to 1.3% of GDP,
06:03as well as the surplus of capital and financial transactions.
06:08The calculation of the surplus of capital and financial transactions is influenced by the positive perception of investors
06:17about the domestic economic prospects that remain good and the resulting investment is still attractive.
06:26In the midst of the uncertainty of the global financial market that remains high,
06:32the value of the foreign exchange is controlled,
06:35with the tendency to strengthen in February 2025
06:40with a strong commitment to the policy of the Bank of Indonesia.
06:44The value of the foreign exchange to the US dollar in February 2025
06:50up to 18 February 2025 is 0.15% point to point
07:00compared to the level of the exchange rate at the end of January 2024.
07:08The development is in line with the consistency of the policy of the Bank of Indonesia,
07:15as well as supported by the flow of foreign capital that is still continuing,
07:22including the result of domestic financial instruments that are attractive,
07:25as well as Indonesia's economic prospects that remain good.
07:30With this development, the value of the exchange rate to the US dollar
07:36year-to-date, that is, from the end of December 2024,
07:41experienced a depreciation of 1.06% year-to-date data.
07:49However, the rupiah is relatively stable compared to the
07:55developing national currency groups of Indonesia's main trading partners.
08:01Meanwhile, compared to the developing national currency groups outside the US dollar,
08:08rupiah is in a stronger trend.
08:14In the future, the value of the rupiah exchange is estimated to be stable,
08:17supported by the commitment of the Bank of Indonesia in maintaining the stability of the value of the rupiah exchange,
08:23attracting attractive results, low inflation,
08:26and Indonesia's economic growth prospects that remain good.
08:31All monetary instruments will continue to be optimized,
08:35including the strengthening of the Pro-Market Monetary Operation Strategy
08:40through the optimization of the Rupiah Security Instrument of the Bank of Indonesia,
08:45the Valas Security of the Bank of Indonesia, and the Valas Group of the Bank of Indonesia,
08:50to strengthen the effectiveness of the policy in attracting flows of foreign exchange investment
08:58and support the stabilization of the value of the rupiah exchange.
09:03The strengthening of the government policy on the DHI-SDA that started on March 1, 2025
09:12is estimated to support the stabilization of the value of the rupiah exchange in the future.
09:19The inflation rate of the IHK GOSU-MEN index fell on January 20, 2025.
09:26IHK inflation on January 20, 2025 was recorded at 0.76% year-on-year,
09:34lower than the previous month's realization at 1.57% year-on-year.
09:42This decline is mainly affected by the positive impact of the implementation of the
09:49discount electricity tariff policy for households with electricity installed
09:56at less than 2,200 volts,
10:00so as to push the Administered Prices component to experience a deflation of 6.41% year-on-year.
10:11Meanwhile, the main inflation is still under control at a level of 2.36% year-on-year,
10:21with the consistency of the Bank of Indonesia BIRID policy relationship
10:25to direct the expectation of future inflation so that it remains under control in the target.
10:33The volatile food group's inflation is also under control at 3.07% year-on-year,
10:41supported by the Bank of Indonesia's tight synergy with the Inflation Management Team,
10:47both central and regional, through the National Movement for Food Inflation Management in various regions.
10:55In the future, the Bank of Indonesia believes that the IHK's inflation is still under control at a target of 2.5% plus or minus 1%.
11:04The main inflation is maintained in line with the expected inflation that is within the target,
11:11the economic capacity is still large in responding to domestic demand,
11:17and the imported inflation is maintained in line with the Bank of Indonesia's Rupiah Exchange Stabilization Policy
11:25as well as the positive impact of the development of digitalization.
11:30The volatile food inflation is expected to be maintained,
11:35supported by the Bank of Indonesia's Inflation Management Synergy with the central and regional governments.
11:42The Bank of Indonesia continues to commit to strengthen the effectiveness of monetary policy
11:48to maintain inflation in 2025 and 2026,
11:54which is under control at a target of 2.5% plus or minus 1%,
11:58while continuing to support efforts to promote economic growth.
12:06The ProMarket Monetary Operation Strategy continues to be strengthened
12:10to increase the effectiveness of policy transmission
12:15to ensure the achievement of inflation targets and Rupiah Exchange Stabilization Values.
12:21This policy is also intended to accelerate the investment efforts in the financial market and the real estate market,
12:31as well as to encourage the entry of foreign capital into the country.
12:37As of 17 February 2025, the positions of the SRBI, SVBI, and SUVBI instruments are recorded as follows.
12:50Rp892.9 trillion for the SRBI,
12:55US$3.03 billion for the SVBI,
13:01and US$580 million for the SUVBI.
13:08SRBI instruments have supported the entry of foreign portfolio into the country
13:15and Rupiah Exchange Stabilization Values.
13:19Non-resident ownership in the SRBI as of 17 February 2025 reached Rp225.35 trillion
13:32or 25.24% of the total outstanding.
13:38The implementation of the primary dealer since May 2024
13:44has also increased the SRBI transactions in the secondary market
13:51and repurchase agreement transactions between market players,
13:57thus strengthening the effectiveness of monetary instruments in Rupiah Exchange Stabilization
14:04and inflation control.
14:07On the other hand, the Bank of Indonesia has also purchased SBN from the secondary market
14:17to strengthen monetary operations and at the same time strengthen the synergy with the fiscal policy of the Government.
14:25As of 2025, as of 17 February 2025,
14:33the Bank of Indonesia has purchased SBN worth Rp32.46 trillion,
14:46namely purchases from the secondary market worth Rp19.46 trillion
14:57and purchases from the primary market worth Rp12.99 trillion,
15:05a total of Rp32.46 trillion.
15:10In the future, the Bank of Indonesia will continue to optimize the ProMarket Monetary Operations Strategy
15:16to increase the effectiveness of monetary policy transmission,
15:21accelerate the deepening of the financial market and the stock market,
15:24and encourage the flow of foreign capital
15:27to synergize closely with the fiscal policy of the Government.
15:32Monetary policy transmission is going well to the financial market.
15:40On the way, with a sharp decline in January 2025,
15:46the Indonesian flower market fell by 5.70 percent on 18 February 2025
15:58from 6.02 percent in early January 2025.
16:07The Indonesian flower market for 6, 9, and 12 months on 14 February 2025 also fell.
16:17However, it remains interesting to support the flow of foreign capital
16:24from 7.16 percent, 7.2 percent, and 7.27 percent in early January 2025
16:34to 6.38 percent for 6-month tenors, 6.42 percent for 9-month tenors,
16:44and 6.46 percent for 12-month tenors.
16:50The SBN tenors for 2 years and 10 years on 18 February 2025 also fell,
16:59but it remains interesting.
17:01From 6.96 percent and 6.98 percent for each,
17:07at the beginning of January 2025, it became 6.44 percent and 6.76 percent.
17:17Meanwhile, the bank liquidity that is in line with the implementation of
17:23the strengthening of the macro-financial liquidity incentive policy
17:27and is supported by bank efficiency in the formation of a better price
17:34with the policy of transparency of the basic credit flower breed
17:38has a positive impact on the maintained bank flower breed.
17:44The one-month liquidity flower breed and the credit flower breed
17:48in January 2025 each recorded 4.81 percent and 9.20 percent,
17:59relatively stable compared to the previous month level.
18:04Bank loans still strongly support economic growth.
18:10In January 2025, credit growth reached 10.27 percent year-on-year,
18:20pushed by supply and demand.
18:25From the supply side, credit growth is supported by reallocation of liquidity
18:32to credit by banks that are still in progress.
18:37Funding support from the remaining GDP growth
18:41as well as the availability of liquidity is still good
18:45in line with the implementation of the strengthening of the macro-financial liquidity incentive policy
18:52that is continuously being improved.
18:56From the demand side, credit growth is supported by the performance of corporate sales
19:03which is still growing positively in the middle of limited household consumption.
19:10Based on the use group, the growth of labor capital credit,
19:15investment credit, and consumption credit each
19:20is as large as 8.40 percent year-on-year, 13.22 percent year-on-year,
19:28and 10.37 percent year-on-year.
19:33Serial financing grew as large as 9.71 percent year-on-year,
19:39while UMKM credit grew 2.88 percent year-on-year.
19:45In the future, Bank Indonesia will continue to push for credit growth
19:49through various accommodative macro-financial policy
19:55so that it can support economic growth.
20:00Bank Indonesia continues to strengthen the effectiveness of the implementation of the
20:05KLM, the Macro-Financial Liquidity Incentive Policy.
20:10Starting on January 1, 2025, the KLM, the Macro-Financial Liquidity Incentive Policy,
20:18is directed to push for credit growth,
20:22to support growth and the creation of jobs.
20:28The KLM incentive has been distributed to sectors that support growth
20:35and the creation of jobs,
20:38namely the agriculture, trade, and manufacturing sectors,
20:44transformation, mining, and tourism,
20:48and the creative economy, construction, real estate, and housing,
20:53as well as UMKM, Ultramicro, and Hijo.
20:58As of February 2, 2025,
21:03Bank Indonesia has given the KLM incentive of Rp295 trillion
21:16or increased to Rp36 trillion from Rp259 trillion at the end of October 2024.
21:28The Macro-Financial Liquidity Incentive Policy has been given to
21:35Bank BUMN group of Rp129.2 trillion,
21:42Bank BUSN of Rp131.9 trillion,
21:48BPD of Rp28.7 trillion,
21:52and KCBA of Bank Asing of Rp4.9 trillion.
21:59Bank Indonesia continues to strengthen coordination with the Government
22:03to support the success of programs in ASTA Cita
22:08through the increase of the Macro-Financial Liquidity Incentive Policy
22:13to promote the growth of credit and banking financing
22:18in priority sectors, including the housing and agriculture sectors.
22:24Banking defense is still strong.
22:28The Banking Liquidity Incentive Policy is in line with the liquid instrument ratio
22:34for third-party funds in January 2025, which is 26.03 percent.
22:44In terms of capital, the capital adequacy ratio of the Banking Card
22:52in December 2024 was recorded at 26.69 percent.
23:00In addition, the non-performing loan ratio of the National Bank of Indonesia
23:06in December 2024 was maintained at a low ratio of 2.08 percent
23:15for the National Bank of Indonesia and 0.74 percent for the National Bank of Indonesia.
23:23The results of the Bank of Indonesia's stress test show that the banking defense is still strong
23:30in facing various risks,
23:34as well as supported by the ability to pay and the profitability of the corporations that are maintained.
23:43The Bank of Indonesia will continue to strengthen the policy synergy
23:47with the KSSK Financial System Stability Committee
23:51in mitigating various risks that can interfere with the bank's defense
23:58and the financial system stability as a whole.
24:04The economic and digital financial transaction performance in January 2025
24:10will continue to be supported by a secure, smooth, and reliable payment system.
24:17In terms of digital payment transactions,
24:22the number of transactions through mobile and internet applications
24:27has reached 3.5 billion transactions or 35.3 percent year-on-year.
24:39This is supported by all its components.
24:42The volume of transactions on mobile applications and the volume of transactions on the internet
24:49continued to increase, which in January 2025 each grew to 29.7 percent year-on-year
25:00and 19.8 percent year-on-year.
25:04In addition, the volume of digital payment transactions through the KRIS
25:11still grew rapidly to 170.1 percent year-on-year
25:17supported by an increase in the number of users and merchants.
25:21In terms of infrastructure, the volume of retail transactions processed through BIFAS
25:28reached 338.5 million transactions or grew 41.5 percent
25:39with a value of Rp870.9 trillion in January 2025.
25:48The volume of large-value transactions processed through BIRTGS
25:55fell by 9 percent to Rp799.3 trillion
26:02with a value of Rp15.88 billion in January 2025.
26:18Meanwhile, in terms of money management,
26:22the amount of banknotes circulated grew 11.0 percent year-on-year
26:28to Rp1,127.6 trillion in January 2025.
26:37The stability of the payment system remains maintained
26:41supported by a stable infrastructure and a healthy industrial structure.
26:47In terms of infrastructure, the stability of the payment system
26:51is reflected in the smooth and reliable
26:56implementation of the Bank Indonesia SPBI payment system
26:59as well as the sufficient amount and quality of money in January 2025.
27:06In terms of industrial structure,
27:09interconnection between players in the payment system continues to strengthen
27:15followed by the extensive digital financial ecosystem.
27:23Payment transactions based on the National Open API Payment Standard
27:29or SNAP also increase in line with the expansion of the adoption level.
27:36Bank Indonesia continues to maintain the availability of Rupiah
27:40in a sufficient amount and with a reasonable quality
27:44in all regions of the Indonesian Republic
27:50including the three smallest regions.
27:55And during the Ramadan and Eid al-Fitr period,
28:00through the Semarak Rupiah Ramadan and Eid al-Fitr blessings program
28:07or in short, Serambi in 2025.
28:12Therefore, the comprehensive and prospective assessment of the global and national economy
28:19based on the Bank Indonesia policy
28:24was decided in the meeting of the Indonesian Government on 18-19 February 2022.
28:33Based on the comprehensive assessment,
28:36the meeting of the Indonesian Government on 18-19 February 2025
28:44decided to maintain the interest rate of 5.75 percent,
28:53as well as the deposit facility ratio remains 5 percent,
28:58and the lending facility ratio remains 6.5 percent.
29:05This decision is consistent with the effort to ensure that the inflation estimates of 2025 and 2026
29:14remain under control in the target set by the Government,
29:19which is 2.5 plus minus 1 percent.
29:22This stabilization of Rupiah exchange rate is in line with the fundamental
29:26in the midst of still high global uncertainty
29:30and also pushes economic growth.
29:34In the future, the Bank Indonesia will continue to monitor the prospects of inflation and economic growth
29:40by taking advantage of the BIRID flower rate decline
29:44by considering the movement of Rupiah exchange rate.
29:50Meanwhile, the macro-business policy and payment system
29:54continue to be directed to support sustainable economic growth.
30:00The KLM's macro-business liability incentive policy has been increased
30:05to further encourage bank financing credit
30:10to priority sectors, growth and job creation
30:17in line with the Government's ASTA Cita program.
30:21The payment system policy is also directed to continue to support growth,
30:27especially the trading and MSME sectors,
30:30by strengthening infrastructure and payment system industry structures
30:37as well as expanding the acceptance of digitalization of the payment system.
30:43The direction of the new monetary policy, macro-business and payment system
30:48to maintain stability and in line with the framework
30:52to strengthen sustainable economic growth,
30:56is supported by the following policy steps.
31:02First, strengthening the Pro-Market Monetary Operation Strategy
31:08to strengthen the effectiveness of monetary policy transmission,
31:14accelerate the deepening of the financial and real estate markets,
31:18and encourage the flow of foreign capital
31:22by optimizing the security of Bangladeshi Rupiah,
31:27SRBI, the security of the SVBI and the SUVBI balances as instruments.
31:48you