Indonesia was also affected by the extraordinary impact of the Covid-19 pandemic that hit the world since February 2020, almost causing a multidimensional crisis. There are at least 4 (four) crisis threats from Covid-19, namely monetary, social, economic, and humanitarian.
The Bank decided to purchase a necessary amount of Japanese government bonds (JGBs) without limit, with a view to maintaining stability in the bond market and stabilizing the entire yield curve at a low level. It has also decided to provide a large amount of U.S. dollar funds based on cooperation with five other major central banks.