Bank Indonesia Buys Rp124.33 Trillion in Government Bonds

TEMPO.CO, Jakarta - Bank Indonesia (BI) revealed that it has purchased Government Bonds (SBN) worth Rp124.33 trillion throughout the current year, 2025. This was stated by BI Governor Perry Warjiyo during a virtual press conference to announce the results of the BI Board of Governors Meeting on Wednesday, June 18, 2025.

Perry stated that the purchase of SBNs aims to strengthen the expansion of monetary policy liquidity, as well as reflect the synergy between monetary and fiscal policies. "From January 1, 2025, to June 17, 2025, Bank Indonesia purchased SBNs totaling Rp124.33 trillion," he said.

BI purchased the SBN through the secondary market, amounting to Rp87.04 trillion. Meanwhile, in the primary market, BI purchased state treasury notes (SPN), including Sharia notes, amounting to Rp37.29 trillion.

Compared to the BI report as of May 20, 2025, the purchase of SBN increased by approximately Rp27.92 trillion this month. As of May 20, the Bank Indonesia (BI) reported that it had purchased SBNs worth Rp96.41 trillion.

According to Perry, the central bank continues to optimize pro-market monetary operation strategies to support the effectiveness of monetary policy transmission through liquidity sufficiency. For example, pro-market monetary instruments such as the Rupiah Securities of Bank Indonesia (SRBI), Foreign Exchange Securities of Bank Indonesia (SVBI), and Foreign Exchange Sukuk of Bank Indonesia (SUVBI).

As of June 16, 2025, the total position of SRBI instruments stood at Rp811.11 trillion, thus supporting the expansion of the monetary policy liquidity. Meanwhile, the positions of SVBI and SUVBI instruments in the same period were recorded at US$2,060.5 million and US$480 million, respectively. Perry stated that the implementation of primary dealers since May 2024 has also increased SRBI transactions in the secondary market and inter-party market repurchase agreements.

Perry emphasized that the central bank will continue to strive to improve the effectiveness of monetary policy, so that the inflation target can be achieved and the stability of the rupiah exchange rate can be maintained. "In the future, Bank Indonesia will continue to optimize pro-market monetary operation strategies to improve the effectiveness of monetary policy transmission in achieving the inflation target and maintaining the stability of the rupiah exchange rate," said Perry.

Editor's Choice: Bank Indonesia Projects 4.6-5.4% Economic Growth in 2025

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