Second, conducting and publishing in-depth assessments of Prime Lending Rate (PLR) transparency in the banking industry since February 2021 to strengthen the transmission of accommodative monetary and macroprudential policies. Third, the gradual reactivation of the Macroprudential Intermediation Ratio (RIM - Rasio Intermediasi Makroprudensial) by raising the lower limit to 75% in May 2021, 80% in September 2021, and 84% in January 2022.
Strengthening efforts were also achieved by including letters of credit (L/C) heldby banks into MIRcalculations. Bank Indonesia has synergized these policy measures with efforts to maintain adequate banking liquidity through a Countercyclical Buffer (CCyB) held at 0% and a Macroprudential Liquidity Buffer (MPLB) (Penyangga Likuiditas Makroprudensial) of 6% - which are eligible for repurchase with Bank Indonesia.