Jakarta, IDN Times – Bank Indonesia (BI) has reported the purchase of government securities (SBN) totaling Rp140.57 trillion as of May 19, 2026. This initiative is a strategic effort to maintain adequate liquidity within the money market and the banking sector, ensuring economic stability remains intact.
Bank Indonesia Governor, Perry Warjiyo, specified that of this total investment, Rp73.28 trillion was acquired through the secondary market. “The purchase of SBN in the secondary market is conducted according to market mechanisms, ensuring the process is measured, transparent, and consistent with our broader monetary policy stance,” he stated during the Bank Indonesia Board of Governors press conference.
1. SRBI Outstanding Value Reaches Rp921.88 Trillion
Beyond SBN purchases, BI is reinforcing its monetary policy mix to protect the stability of the rupiah against global economic volatility. A key measure includes raising the interest rates on Bank Indonesia Rupiah Securities (SRBI) to incentivize foreign capital inflows into the domestic financial market.
“As of May 18, 2026, the outstanding position of SRBI monetary instruments reached Rp921.88 trillion,” Perry explained. “Of that figure, non-resident investor ownership has climbed to Rp221.59 trillion, which represents 24.04 percent of the total outstanding volume.”
2. Optimizing Pro-Market Instruments to Boost Foreign Capital
These policy adjustments are part of a larger strategy to strengthen the structure of monetary operation interest rates while maintaining the attractiveness of domestic financial assets amidst tightening global liquidity. BI continues to optimize pro-market monetary instruments to encourage foreign investment and bolster the rupiah.
“This approach also serves as a form of close synergy between monetary and fiscal policies to safeguard the national economy during times of mounting global pressure,” Perry added.
3. Rupiah Shows Resilience at End of Trading
The rupiah recently faced significant depreciation, with Bloomberg data showing the currency hitting a low of Rp17,721 against the US dollar. However, following BI’s decision to raise the benchmark interest rate by 50 basis points to 5.25 percent, the currency experienced a rebound, closing at Rp17,653 per US dollar.
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Summary
Bank Indonesia has purchased IDR 140.57 trillion in government securities (SBN) to ensure liquidity and economic stability, with IDR 73.28 trillion acquired through the secondary market. This strategic initiative aligns with the central bank’s broader monetary policy to maintain transparency and market equilibrium. Additionally, BI has bolstered its monetary mix by increasing interest rates on Rupiah Securities (SRBI), which reached an outstanding value of IDR 921.88 trillion by May 2026.
These measures aim to incentivize foreign capital inflows and protect the rupiah against global economic volatility. Following a 50-basis-point interest rate hike to 5.25 percent, the rupiah demonstrated resilience by recovering to close at IDR 17,653 per US dollar. By optimizing pro-market instruments, Bank Indonesia continues to foster synergy between monetary and fiscal policies to safeguard the national economy.