{ "success": true, "data": { "id": 1693955, "msgid": "complete-bi-decision-to-hold-key-interest-rate-at-4-75-again-in-april-2026-1776855163", "date": "2026-04-22 16:43:03", "title": "Complete! BI Decision to Hold Key Interest Rate at 4.75% Again in April 2026", "author": "", "source": "CNBC", "tags": "", "topic": "Finance", "summary": "Bank Indonesia has decided to maintain its key BI Rate at 4.75%, along with the deposit facility rate at 3.75% and the lending facility rate at 5.5%, in response to global economic uncertainties stemming from the Middle East conflict. This decision aims to stabilise the Rupiah exchange rate and keep inflation within the 2.5\u00b11% target for 2026 and 2027, while supporting sustainable economic growth through strengthened macroprudential and payment system policies. The central bank is enhancing monetary tools, digital payment innovations, and international coordination to mitigate external risks and bolster domestic financial stability.", "content": "

Jakarta, CNBC Indonesia - Bank Indonesia (BI) has again decided to\nmaintain the key BI Rate at 4.75% in April 2026. This is accompanied by\nholding the deposit facility rate at 3.75% and the lending facility rate\nat 5.5% in April 2026.<\/p>\n

\u201cThe Board of Governors meeting of Bank Indonesia on 21 and 22 April\ndecided to keep the BI Rate steady at 4.75%,\u201d said BI Governor Perry\nWarjiyo during an online press conference on Wednesday (22\/4\/2026).<\/p>\n

Perry explained that this decision is consistent with efforts to\nenhance the effectiveness of adjusting the interest rate structure of\nmonetary operation instruments to strengthen the stabilisation of the\nRupiah exchange rate amid the deteriorating global economic conditions\ndue to the war in the Middle East.<\/p>\n

Going forward, Bank Indonesia is prepared to pursue further\nstrengthening of monetary policy as needed to maintain Rupiah exchange\nrate stability and keep inflation for 2026 and 2027 within the 2.5\u00b11%\ntarget.<\/p>\n

Meanwhile, macroprudential policy continues to be strengthened to\nencourage economic growth through increased credit\/financing to the real\nsector while maintaining financial system stability.<\/p>\n

Payment system policy continues to be directed to support economic\nactivities through the expansion of digital payment acceptance,\nstrengthening the payment system industry structure, and improving the\nreliability and resilience of payment system infrastructure.<\/p>\n

The direction of the policy mix of monetary, macroprudential, and\npayment systems in maintaining stability and supporting sustainable\neconomic growth is also backed by the following policy measures:<\/p>\n

    \n
  1. Strengthening the effectiveness of monetary policy implementation to\nmaintain Rupiah exchange rate stability and keep inflation for 2026 and\n2027 within the 2.5\u00b11% target, by:<\/li>\n<\/ol>\n
      \n

    1. strengthening Rupiah exchange rate stabilisation through\ninterventions, both Non-Deliverable Forward (NDF) transactions in the\nforeign market and spot and Domestic Non-Deliverable Forward (DNDF)\ntransactions in the domestic market;<\/p><\/li>\n

    2. strengthening the interest rate structure of monetary instruments\nthat are pro-market to continue attracting foreign portfolio investment\ninflows into domestic financial assets to support Rupiah exchange rate\nstabilisation; and<\/p><\/li>\n

    3. maintaining Primary Money growth above 10% in line with monetary\nexpansion to ensure adequate liquidity in the money and banking markets,\nincluding through measured secondary market transactions of Government\nSecurities (SBN).<\/p><\/li>\n<\/ol>\n

        \n
      1. Strengthening the effectiveness of accommodative macroprudential\npolicy implementation to encourage credit\/financing growth to support\neconomic growth while maintaining financial system stability, by:<\/li>\n<\/ol>\n
          \n

        1. maintaining: (i) Countercyclical Capital Buffer (CCyB) ratio at\n0%; (ii) Macroprudential Intermediation Ratio (RIM) in the range of\n84-94%; (iii) Foreign Funding Ratio (RPLN) maximum of 35% of bank\ncapital; (iv) Macroprudential Liquidity Buffer (PLM) ratio at 5% with 5%\nrepo flexibility; and (v) Sharia PLM ratio at 3.5% with 3.5% repo\nflexibility;<\/p><\/li>\n

        2. publishing transparency assessments of the Base Lending Rate\n(SBDK) with deepening on lending rates based on priority sectors covered\nby KLM (Attachment 1) and synergising with the Government and other\nstakeholders to encourage high credit\/financing through the Indonesia\nIntermediation Acceleration Programme (PINISI);<\/p><\/li>\n<\/ol>\n

            \n
          1. Strengthening the implementation of payment system digitalisation\nmeasures in accordance with the Indonesia Payment System Blueprint\n(BSPI) 2030 to support the acceleration of the national digital\neconomy-finance through:<\/li>\n<\/ol>\n
              \n

            1. launching the Indonesia Digital Innovation Centre (PIDI):\nHackathon and Digdaya (Empowered and Productive Digital Talent) and\nIndonesia-China Cross-Border QRIS on 30 April 2026;<\/p><\/li>\n

            2. synergising the Capacity Building and Literacy Synergy Programme\n(KATALIS) Acceleration and Expansion of Regional Digitalisation (P2DD)\n2026 with PIDI-Hackathon-Digdaya through expanding the latest payment\nsystem innovations to improve local government (Pemda) transaction\nefficiency.<\/p><\/li>\n<\/ol>\n

                \n
              1. Strengthening the implementation of money market and foreign\nexchange market deepening measures in accordance with the Money Market\nDeepening Blueprint (BPPU) 2030 to support national economic stability\nand financing through:<\/li>\n<\/ol>\n
                  \n

                1. exemption from the prohibition on selling foreign currency NDF\ntransactions against the Rupiah in the foreign market for certain\nPrimary Dealers of the Money Market and Foreign Exchange Market (PUVA)\nthat meet Bank Indonesia\u2019s requirements to support Rupiah exchange rate\nstability and domestic financial market deepening;<\/p><\/li>\n

                2. expanding foreign currency monetary operation instruments with\nspot and swap instruments in Offshore Chinese Renminbi (CNH) against the\nRupiah to support Rupiah exchange rate stabilisation and expansion of\ntrade and investment transactions using local currencies (Local Currency\nTransactions, LCT).<\/p><\/li>\n<\/ol>\n

                  Bank Indonesia continues to strengthen policy coordination with the\nGovernment, including close synergy between monetary and fiscal policies\nto mitigate the impact of global uncertainties due to the Middle East\nwar on the domestic economy so that stability and economic growth remain\nwell-maintained.<\/p>\n

                  Policy synergy with the Financial System Stability Committee (KSSK)\nis also tightened to maintain financial system stability and encourage\nfinancing for the Government\u2019s Asta Cita programme.<\/p>\n

                  In addition, Bank Indonesia is strengthening and expanding\ninternational cooperation in central banking, including payment system\nconnectivity and local currency transactions, as well as facilitating\nthe organisation of investment and trade promotion in priority sectors\nin collaboration with relevant agencies.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/complete-bi-decision-to-hold-key-interest-rate-at-4-75-again-in-april-2026-1776855163", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }