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Bank Indonesia Holds Rate as Bond Yields Rise and Policy Tools Expand
Bank Indonesia kept its benchmark interest rate unchanged at 5.75% despite pressure from global monetary conditions and domestic currency volatility. Following the decision, yields on the 10‑year government bond (SBN) rose to about 7.35%, up from roughly 7.1% before the meeting, as investors demanded a higher risk premium.
To support the rupiah without further rate cuts, the central bank has leaned on non‑rate instruments. Foreign holdings of the Sekuritas Rupiah Bank Indonesia (SRBI) grew by Rp179 trillion between January and June 2026, bringing total outstanding SRBI to Rp1,073 trillion. Lembaga Penjamin Simpanan (LPS) raised its guarantee interest rates to 3.75% for rupiah deposits in commercial banks, 6.25% for BPRs, and 2% for foreign‑currency deposits, effective 1 July–30 September 2026. Meanwhile, Bank bjb Syariah reported a 20% year‑on‑year increase in its Tabungan Haji assets to June 2026, with 7,717 pilgrims depositing initial Hajj fees, contributing 6.81% of the bank’s total third‑party funds.
Entities
Bank Indonesia · Bank bjb Syariah · Lembaga Penjamin Simpanan (LPS) · PT Bank Central Asia Tbk · PT Bank Mandiri Tbk · PT Bank Negara Indonesia Tbk · PT Bank Rakyat Indonesia Tbk · Rangga Cipta · Sekuritas Rupiah Bank Indonesia (SRBI)
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Investor demand for a higher risk premium caused SBN yields to rise after the policy meeting. insight.kontan.co.id
- [○ 1 SOURCE] LPS stated that guarantee coverage remains above 90% of total bank accounts. www.liputan6.com
- [● 2 SOURCES] Bank Indonesia kept its benchmark interest rate at 5.75% at the latest board meeting. insight.kontan.co.id · en.tempo.co
- [○ 1 SOURCE] Yield on Indonesia’s 10‑year government bond (SBN) rose to around 7.35% after the meeting, up from about 7.1% previously. insight.kontan.co.id
- [○ 1 SOURCE] LPS raised the guarantee interest rate to 3.75% for rupiah deposits in commercial banks, 6.25% for BPRs, and 2% for foreign‑currency deposits, effective 1 July–30 September 2026. www.liputan6.com
- [○ 1 SOURCE] Foreign holdings of SRBI increased by Rp179 trillion between the start of the year and the end of June 2026, bringing total outstanding SRBI to Rp1,073 trillion. en.tempo.co
- [○ 1 SOURCE] Bank Indonesia faced pressure from global monetary conditions and domestic currency volatility, influencing its decision to hold rates. www.archynewsy.com
- [○ 1 SOURCE] Bank bjb Syariah’s Tabungan Haji assets grew 20% year‑on‑year to June 2026, with 7,717 pilgrims depositing initial Hajj fees, contributing 6.81% of the bank’s total DPK. keuangan.kontan.co.id