Addin Anugrah Siwi, Jakarta – Indonesia has extended the placement of Rp 200 trillion ($11.9 billion) in government funds at state-owned commercial banks through September 2026, Finance Minister Purbaya Yudhi Sadewa announced on Monday.
Purbaya said the funds, originally set to mature on March 13, 2026, would be rolled over for another six months to help maintain banking liquidity and stimulate lending to productive sectors.
"So banks do not need to worry about losing liquidity, because the government continues to support market liquidity," he told a press conference in Jakarta.
The government will reassess the policy in September 2026, Purbaya said. Since the initial placement of the funds in September 2025 through January 2026, the program has helped push down both deposit and lending rates.
Six-month deposit rates fell to 4.73% in January 2026 from 5.03% in November 2025, while three-month deposit rates eased to 4.68% from 4.71% over the same period.
"Lending rates also declined to 8.80% in January 2026, compared with 9.20% in January last year," Purbaya said.
He added that the government, together with Bank Indonesia, would continue to encourage credit growth through the fund placement policy.
The Rp 200 trillion deposit program marked Purbaya's first major policy move after taking office last year, succeeding Sri Mulyani Indrawati.