Bank Indonesia has increased incentives for banks that disburse loans to priority sectors and MSME and/ or meet the Macroprudential Inclusive Financing Ratio (RPIM) target in the form of easing Rupiah reserve requirements and expanding the coverage of priority sectors.
The relaxation of macroprudential policies further strengthened other accommodative macroprudential instruments, including the Countercyclical Capital Buffer (CCyB), Macroprudential Intermediation Ratio (MIR), conventional and sharia Macroprudential Liquidity Buffer (MPLB), and Loan to Value/Financing to Value (LTV/FTV) ratio for property loans/financing. iii. We continue to strengthen payment system policies to support economic recovery and accelerate inclusive digitalization.