Membedah Hasil RDG BI Periode Agustus 2024

IDXchannel

Gubernur Bank Indonesia (BI), Perry Warjiyo, mengungkapkan adanya ruang penurunan suku bunga acuan pada Kuartal IV-2024. Potensi penurunan BI Rate tersebut diungkapkan usai Bank Indonesia (BI) memutuskan kembali menahan suku bunga acuan di level 6,25% pada RDG Agustus 2024.

Transcript

00:00IDX First Session Closing

00:04Back with us in IDX First Session Closing

00:07Indonesian Bank Governor Peri Warjio announced

00:10there is a room for the decline of the Bunga Acuan tribe in the fourth quarter of 2024

00:15The potential decline of the BI rate is revealed

00:18After the Bank of Indonesia decided to resume holding the Bunga Acuan tribe at level 6.25%

00:23in August 2024

00:25Indonesia Bank Governor Peri Warjio

00:29The Board of Governors of Bank Indonesia in August 2024

00:32decided again to hold the Acuan Bunga Tribe

00:35at level 6.25%

00:37In addition, the Bunga Deposit Facility tribe is still at 5.5%

00:41and the Bunga Landing Facility tribe remains at 7%

00:44Although it is still deciding to hold the Bunga Acuan tribe

00:47but the Indonesian Bank Governor Peri Warjio

00:49Jio revealed that there is a drop-off of the Bunga Acuan or BI rate in the fourth quarter of 2024

00:56will still see an open space for the drop-off of the BI rate in the fourth quarter

01:07I repeat again, still consistent

01:10With the previous statement, there is an open space for the drop-off of the BI rate in the fourth quarter of 2024

01:21Meanwhile, for the third quarter, our focus is, as he said,

01:28to further strengthen the stabilization of the currency exchange

01:34Meanwhile, Bank Indonesia stated that for the third quarter of 2024

01:37Central Bank will focus on further strengthening the stabilization of the currency exchange value

01:42According to the Governor of Bank Indonesia, fundamentally, the Rupiah will still tend to strengthen in the future

01:47Bank Indonesia ensures further strengthening of the stabilization of the currency exchange value

01:51to support the economic growth of Indonesia

01:54IDX Channel coverage team

02:03Yes, today we will review the latest assessment from Bank Indonesia, especially the August 2024 RDG

02:10Where BI, the regulator again decided to re-endure the Bunga Acuan or BI rate remains at 6.25%

02:17Bunga Deposit Facility remains at 5.5% and Bunga Lending Facility remains at 7%

02:24Yes, regarding the potential drop-off of the Bunga Acuan or BI rate,

02:28this is a number of things that are still monitored by Bank Indonesia

02:32Among them, the US dollar tendency to resist or evaluate other currencies

02:39Then, we also see several things that are also monitored by Bank Indonesia

02:45related to the flow of foreign funds to Indonesia

02:50and also the potential that is seen by Bank Indonesia

02:55is the direction of the Central Bank of the United States or Fed Fund Rate

03:01so this will be one of the main considerations of Bank Indonesia

03:05to decide to re-endure the Bunga Acuan or BI rate

03:10because the potential drop-off of the Bunga Acuan or BI rate has been mentioned

03:14there is space to do it in the fourth quarter of 2024

03:19and if we look at what Bank Indonesia stated in the last RDG

03:26the Bunga Acuan or BI rate is still maintained because it is still in accordance with what was mentioned by Bank Indonesia

03:30that it is in accordance with the policy for the pro-market and stability

03:37so that it can be in accordance with the inflationary target that has been set

03:42Yes, from the Bunga Acuan or BI rate in August 2024, which was re-endured

03:48Bank Indonesia also stated that the national financial system is still maintained

03:52What is the assessment of Bank Indonesia? Here is the information

03:54Bank Indonesia stated that the national financial system is maintained

04:03supported by the liquidity of the bank in July 2024, which is still adequate

04:08reflected from the ratio of liquid assets to third-party funds, which is high at 25.56%

04:15In addition, the ratio of capital affordability of the bank is still high at 26.09%

04:21so it can absorb risks and support the growth of credit

04:24Bank Indonesia stated that the national financial system is maintained

04:28supported by the liquidity of the bank in July 2024, which is still adequate

04:33reflected from the ratio of liquid assets to third-party funds, which is high at 25.56%

04:44In addition, the ratio of capital affordability of the bank is still high at 26.09%

04:58so it can absorb risks and support the growth of credit

05:05From the intermediary sector, in July 2024, the bank's credit was able to grow by 12.4% annually

05:12From the offer side, the interest in the distribution of credit is still maintained

05:16supported by the growth of third-party funds in July 2024 by 7.72% year-on-year

05:22the reallocation strategy of liquid assets to credit by the bank

05:25as well as the support of the policy of macro-prudential liquidity incentives

05:30In addition, the stability of capital and liquidity of the bank

05:33is also supported by the ability to pay and the profitability of the corporation that is maintained

05:37as well as the current bank's stress test results

05:40IDX Channel coverage team

05:45The Bank of Indonesia continues to strengthen the policy synergy

05:49with the Committee on Stability of Financial Systems

05:52in mitigating various risks that may interfere with the stability of the financial system

05:57Not only the maintenance of a maintained financial system,

06:00the Bank of Indonesia also stated that Indonesia's growth is still good

06:04supported by the demand that is still maintained

06:08And we can see that the economic growth of the Bank of Indonesia is still good

06:13in the midst of reducing uncertainties in the global financial market

06:17where the demand for exports has increased

06:20driven by the demand of the main trading partners and also the increase in labor exports

06:24Then, the economic growth in July 2024, which has already been released

06:28is recorded at 5.05% year-on-year

06:32especially supported by household consumption and also investment

06:35And from the side of economic growth, the Bank of Indonesia states

06:39based on the business field, economic growth is mainly supported by the manufacturing industry

06:44then also the construction industry, as well as large trade and also ECR

06:49In the future, the economic growth mentioned by the Bank of Indonesia

06:52needs to continue to be pushed so that it can still maintain the confidence of economic players

06:56towards national economic prospects

06:59especially the side of household consumption that can continue to be maintained

07:02and even can be improved

07:05Furthermore, the Bank of Indonesia estimates the economic growth of Indonesia in 2024

07:10is in the range of 4.7% to 5.5%

07:14The Bank of Indonesia continues to strengthen the synergy with the government

07:18as a fiscal authority

07:20and then also combined with the Bank of Indonesia's macro-prudential stimulus

07:24to support economic growth in a sustainable way

07:27especially from the demand side

07:29And next, in August 2024, the Bank of Indonesia

07:35also reaffirmed its commitment to continue various efforts

07:40to maintain the stability of the currency exchange value

07:43What does the Bank of Indonesia's statement say about this?

07:46Let's see the information

07:50The Governor of the Bank of Indonesia, Perry Wardjo, stated

07:53that the Bank of Indonesia is consistent with the possibility

07:56of a BI rate reduction in the fourth quarter of 2024

07:59because in the third quarter, the Bank of Indonesia is still focused

08:02on efforts to further strengthen the stabilization of the currency exchange value

08:05Fundamentally, the Bank of Indonesia sees that the currency will still tend to strengthen

08:09because of the factor of portfolio investment

08:12as well as because of the interesting results

08:14especially from letters of state value and stock

08:17Since the SRBI, later Budesti can add how much

08:22SRBI now has more SPN

08:26more SPN and also stock

08:30like that

08:33So that's one factor, including portfolio investment

08:39because it's an interesting result

08:42like that

08:44Then also the fundamental condition of Indonesia

08:47What is it? Low inflation

08:49The Governor of the Bank of Indonesia, Perry Wardjo, also stated

08:51that the further stabilization of the currency is very important

08:54for the domestic economy

08:56In addition, the strengthening of the currency also supports sectors

08:59that have high imports

09:01and those sectors create job opportunities

09:03such as the complex manufacturing industry

09:06such as the textile industry and others

09:13The strengthening of the currency exchange value is predicted

09:16to have a significant positive impact on the national economy

09:19especially in maintaining food stability

09:22and supporting sectors that are the main drivers of economic growth

09:26The Governor of the Bank of Indonesia, Perry Wardjo, stated

09:29that the strengthening of the currency can make the food price more affordable

09:33maintain the purchasing power of the people

09:35and reduce the price of imported goods

09:37The strengthening of the currency exchange value

09:39gives great benefits to the domestic industry

09:41and also supports the stability of national finance and banking

09:45Meanwhile, the value of the currency exchange until August 20, 2024

09:48was recorded to increase to US$15,430

09:53an increase of 5.34% compared to the position at the end of July 2024

09:58The increase exceeds the appreciation of other regional currencies

10:02such as Baht Thailand, Yen Japan, Peso Filipina, and Won Korea

10:06In the future, the value of the currency exchange will be projected to continue to increase

10:10driven by attractive returns

10:12low inflation and economic growth in Indonesia

10:15To strengthen the stability of the currency exchange value

10:18and achieve inflation targets

10:20the Bank of Indonesia continues to optimize various monetary instruments

10:24that are pro-market, such as SRBI or Surat Berharga Retail Indonesia

10:28SVBI, Surat Valuta Bank Indonesia

10:31and SUVBI, Surat Utang Valuta Bank Indonesia

10:35The Governor stated a number of points

10:38or stated by the Bank of Indonesia in the RDG period of August 2024

10:42where on a large scale, the policy of the Bank of Indonesia is still not very different

10:47where the interest rate is still maintained at 6.25%

10:51and of course we see how the potential for the decline of the interest rate in the coming months

10:56especially with the sentiment of the Central Bank of the United States or the Fed

11:00which is projected to decrease the interest rate in the near future

11:04And the governor is still with us, Aidex

11:07First Session Closing will soon return with other information

11:12Thank you for watching

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