Bank Indonesia Sets Ambitious 2030 Financial Market Targets

Accelerating Market Deepening

Bank Indonesia (BI) is intensifying efforts to deepen Indonesia's money and foreign exchange markets as part of its broader strategy to support national economic financing. BI Governor Perry Warjiyo outlined the central bank's ambitious targets during the 2025 Bank Indonesia Annual Meeting. By 2030, BI aims to achieve daily money market transactions of Rp81 trillion and foreign exchange market transactions of US$18 billion.

Strategic Initiatives for Market Development

To reach these targets, BI is implementing several key strategies. First, the bank is focusing on enhancing transaction volumes through specific financial instruments. This includes promoting the use of repurchase agreements (repo) and Domestic Non-Deliverable Forward (DNDF) to create a more efficient interest rate structure in the market. Second, BI is strengthening market participants through infrastructure development and technological upgrades. The bank is working on integrating its systems with the latest technology to create a more robust financial market ecosystem.

Digital Transformation and Collaboration

A significant component of BI's strategy involves digital transformation. The central bank is developing its Integrated Digital Center, which will be supported by advanced data centers and artificial intelligence (AI) capabilities. This digital infrastructure is expected to enhance operational efficiency and provide better support for market participants. Additionally, BI is emphasizing the importance of collaboration with various stakeholders, including the government, the Financial System Stability Committee (KSSK), and industry associations, to ensure synchronized efforts in economic financing.

Enhanced Accountability and Transparency

BI Governor Perry Warjiyo also highlighted the bank's commitment to improving accountability and transparency. The central bank plans to maintain rigorous performance reporting to the President and the House of Representatives (DPR), while also enhancing public transparency regarding its operations and policies. This dual focus on performance and transparency is designed to build trust and ensure that BI's efforts are aligned with national economic objectives.