Bank Indonesia Cuts SRBI Outstanding to Rp720 Trillion to Bolster Market Liquidity
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YOGYAKARTA, Investortrust.id — Bank Indonesia has reinforced its pro-market monetary operations by cutting the volume of outstanding Bank Indonesia Rupiah Securities (SRBI), or rupiah-denominated central bank securities, to strengthen money market liquidity, safeguard banking stability, and support the country’s economic recovery.
Director of Monetary Management and Securities Asset Department Ronald D. Parluhutan said on Friday, Aug. 22, 2025, that the outstanding SRBI dropped sharply from Rp923.53 trillion ($57.2 billion) at the end of December 2024 to Rp720.61 trillion ($44.6 billion) as of Aug. 19, 2025. He emphasized that the measure aimed to secure sufficient liquidity across financial markets and banks while fostering sustainable growth.
“Outstanding SRBI declined significantly to Rp720.61 trillion. This effort is designed to maintain adequate liquidity in the money market and the banking system, while also supporting sustainable national economic growth,” Ronald told participants at the National Journalist Training in Yogyakarta.
The reduction coincided with a downward trend in SRBI yields across tenors of three, six, nine, and twelve months, following Bank Indonesia’s policy rate cut to 5%.
“Yields recorded at 5.34% came from last week’s auction. We will see the results of today’s auction, but the overall trend shows a consistent decline in SRBI yields in line with the adjustment to the BI Rate,” Ronald said.
Alongside SRBI management, the central bank has also been active in supporting the government bond market. Up to Aug. 19, 2025, Bank Indonesia purchased Rp186.06 trillion ($11.5 billion) worth of government securities (SBN). This included Rp137.80 trillion in the secondary market and Rp48.26 trillion in the primary market, consisting of treasury bills (SPN) and Islamic instruments.
Looking ahead, Bank Indonesia pledged to continue optimizing pro-market monetary operations to enhance liquidity, strengthen monetary policy transmission, and maintain rupiah stability while remaining focused on achieving its inflation target.
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