Purbaya Claims 200 Trillion Himbara Placement Boosts Liquidity

JAKARTA – Finance Minister Purbaya Yudhi Sadewa said the allocation of Rp200 trillion to state‑owned banks through Himbara has raised economic liquidity. The comment was made at the Financial System Stability Committee (KSSK) press conference on 4 November 2025.

Liquidity improvement is reflected in the growth of base money (M0) and broad money (M2) in September 2025, with M2 expanding 8 % year‑on‑year, up from 6.5 % in June 2025. The minister linked the rise to loose monetary policy and liquidity expansion, and noted that Bank Indonesia will introduce macro‑prudential liquidity incentives (KLM) from 1 December 2025, offering a lending channel up to 5 % of DPK and an interest‑rate channel of 0.5 % of DPK for priority sectors.

The government targets 5.5 % economic growth in Q4 2025 and 5.2 % for the full year, expecting the enhanced liquidity and credit stimulus to support these goals. The KLM incentives aim to accelerate credit to agriculture, industry, SMEs, and other priority areas.