Information about the organisation, transformation and history of Bank Indonesia as the central bank of the Republic of Indonesia.
Information about the main functions and responsibilities of Bank Indonesia to achieve and maintain rupiah stability.
Information about the rupiah as the currency of the Republic of Indonesia managed by Bank Indonesia pursuant to prevailing laws and regulations.
Bank Indonesia’s publications include regulations, reports and papers, as well as the calendar of activities
Statistics include historical indicators for all sectors under the jurisdiction of Bank Indonesia.
Bank Indonesia offers various services, including requests for information, complaints, licensing and so on.
Bank Indonesia maintains public information in accordance with the Public Information Disclosure Act of 2008.
Financial system stability is a condition that allows the national financial system to function effectively and efficiently, while maintaining resilience to internal and external shocks. By maintaining financial system stability, the intermediation function and other financial services in the financial system remain optimal and contribute to national economic growth. Consequently, financial system stability plays a critical role in maintaining economic stability.
The Global Financial Crisis of 2008/09 taught us that with stronger macrofinancial linkages, a financial system that fails to function properly will reduce the effectiveness of monetary policy, disrupt economic activity and potentially trigger economic moderation or even contraction. Financial system stability, therefore, is the collective responsibility of all financial sector authorities, including Bank Indonesia.
In pursuit of its mandate to maintain financial system stability, Bank Indonesia is legally bound by the following laws and regulations:
In accordance with the Bank Indonesia Act, as amended several times, most recently by Act No. 4 of 2023 concerning Financial Sector Development and Strengthening (UU PPSK), Bank Indonesia is mandated with achieving rupiah stability, maintaining the stability of the payment system as well as preserving financial system stability to support sustainable economic growth. Striving towards those objectives, Bank Indonesia is tasked with macroprudential policymaking.
Bank Indonesia pursues macroprudential policies through initiatives to foster balanced, quality and sustainable intermediation; mitigate and manage systemic risk; as well as increase economic inclusion, financial inclusion and sustainable finance. In terms of task implementation, Bank Indonesia is authorised to perform the following in accordance with prevailing laws and regulations:
Macroprudential policies aim to maintain financial system stability through efforts to foster balanced, quality and sustainable intermediation; mitigate and manage systemic risk; as well as increase economic inclusion, financial inclusion and sustainable finance.
Balanced, quality and sustainable intermediation reflects a level of sound and inclusive intermediation appropriate to economic capacity. Meanwhile, systemic risk refers to potential instability caused by contagion in part or all of the financial system due to interactions between business size, complexity and interconnectedness as well as procyclicality. Systemic risk is constantly managed and mitigated as part of the financial system crisis prevention measures. On the other hand, economic and financial inclusion as well as sustainable finance seek to achieve sustainable economic growth.
Macroprudential policies are implemented countercyclically to the financial cycle, targeting conventional and sharia commercial banks based on assessments of the financial system as a whole and its linkages with economic conditions. A credible decision-making process, therefore, demands surveillance of all financial system elements, including the banking system, non-bank financial industry (NBFI), non-financial corporations (NFC), households, financial markets and financial market infrastructures (FMI).
In line with financial market development, Bank Indonesia continues to develop macroprudential policy instruments as part of the Bank Indonesia policy mix, together with monetary and payment system policies. Furthermore, in response to emerging financial behaviour trends and the growing attention of financial sector actors, Bank Indonesia also strengthens macroprudential policy innovation and synergy in terms of digital aspects, financial inclusion and green central banking/green financing.
Macroprudential Policy Instruments
Crisis Management Protocol
Coordination between Bank Indonesia and other Authorities/Institutions