State-Owned Bank Directors Summoned to Palace Today

President Prabowo Subianto summoned the board of directors and commissioners of the Association of State-Owned Banks (Himbara) to the Presidential Palace in Jakarta this afternoon. Based on Tempo’s observation, the executives of the state-owned banks began arriving at the palace from 2 p.m. WIB. The senior officials appeared uniformly dressed in white shirts with light blue ties.

Among those seen arriving were BRI President Director Hery Gunardi, BTN President Director Nixon L.P. Napitupulu, Bank Mandiri President Director Riduan, and BNI President Director Putrama Wahju Setyawan along with his deputy, Alexandra Askandar. Coordinating Minister for Economic Affairs Airlangga Hartarto and Deputy Minister of Finance Suahasil Nazara were also present at the palace.

Suahasil was tight-lipped about the meeting with the state-owned bank executives. “There is a meeting, we will have the meeting first and then announce it later. They said the Himbara executives are gathering. We will share the details afterwards,” he said.

The agenda of Prabowo’s meeting with the state-owned bank chiefs coincided with the announcement of the results of Bank Indonesia’s Board of Governors Meeting for June 2026. Bank Indonesia decided to raise the benchmark interest rate, or BI-Rate, by 25 basis points to 5.75 per cent. The decision was taken during the meeting held on 17-18 June 2026.

“Based on a comprehensive assessment, the Bank Indonesia Board of Governors Meeting on 17 and 18 June 2026 decided to raise the BI-Rate by 25 basis points to 5.75 per cent,” said BI Governor Perry Warjiyo at a press conference at the BI office in Jakarta on Thursday, 18 June 2026. BI also decided to increase the deposit facility rate to 4.75 per cent and the lending facility rate to 6.5 per cent.

Perry stated that the BI-Rate increase is a further step to strengthen rupiah exchange rate stability amid heightened global uncertainty. The measure also aims to keep inflation within the target range of 2.5 per cent plus or minus 1 per cent for 2026-2027.