Despite a pro-stability stance, BI remains firmly committed to boosting economic growth

Jakarta — Governor of Bank Indonesia (BI) Perry Warjiyo emphasised that the central bank will continue to support economic growth even though the current monetary policy focus is on stability (pro-stability) in order to strengthen Indonesia’s external resilience against the impact of global volatility.

In this regard, macroprudential policy and the central bank’s payment system policy remain aimed at supporting growth (pro-growth).

‘Don’t interpret that if monetary policy is pro-stability, Bank Indonesia does not push economic growth. No. Bank Indonesia remains supportive of economic growth,’ Perry said at a press conference following BI’s Board of Governors Meeting (RDG) in Jakarta on Wednesday.

Perry also ensured that liquidity conditions in money and banking markets are more than adequate, thus expected to support economic growth.

M0 in April 2026 grew by 14.1 percent year-on-year, higher than the growth in the previous month of 11.8 percent year-on-year.

To maintain adequate liquidity in money and banking markets while also creating a close synergy between monetary and fiscal policy, BI also purchased Government Securities (SBN) amounting to Rp140.57 trillion in 2026 up to 19 May 2026, including purchases in the secondary market amounting to Rp73.28 trillion.

In addition to ensuring monetary liquidity adequacy, Perry said the Macroprudential Liquidity Incentive Policy (KLM) continues to be strengthened and the Macroprudential Intermediation Ratio (RIM) policy relaxed.