Likewise, the Indonesia Deposit Insurance Corporation (LPS-Lembaga Penjamin Simpanan) guaranteed private deposits in the banking system, thus helping to maintain financial system stability, and lowered the guaranteed interest rate to support the national economic recovery.
Fiscal and monetary policy coordination have been strengthened, not only to maintain macroeconomic stability and reinforce the national economic recovery, but also through Bank Indonesia’s participation in State Budget funding through purchases of Government Securities in the primary market in accordance with Act No.