Bank Indonesia implements monetary easing and liquidity measures

Bank Indonesia (BI) has introduced several monetary policies to strengthen rupiah liquidity and support economic growth. The central bank is lowering the Statutory Reserve Requirement (Giro Wajib Minimum/GWM) by an average of 2 percent for both conventional and Sharia banks. This reduction, implemented in stages starting November 1, 2026, is expected to inject approximately Rp190 trillion in additional liquidity into the banking system.

To maintain exchange rate stability and attract foreign capital, BI has increased incentives for Domestic Non-Deliverable Forward (DNDF) transactions, raising the 12-month tenor incentive to 45 percent. Additionally, BI has extended the 0 percent down payment (DP) policy for property and new motor vehicle financing through December 31, 2027.

On the financial inclusion front, the Indonesian government aims to increase national financial inclusion from 93 percent to nearly 99 percent through the ‘One Person, One Account’ program. This initiative targets 25 million citizens in the lowest economic decile, supported by a Rp1.28 trillion budget. Meanwhile, the Financial Services Authority (OJK) reported that its program to combat moneylenders has distributed Rp64.8 trillion to 2.3 million debtors.