Macro & financial system · Bank Indonesia data
Tighter money, sturdy banks
BI has tightened by a full point in a year as inflation and the dollar rise. Banks enter the squeeze strong on capital and profit; only liquidity has thinned.
From five cuts to two hikes
Five cuts to 4.75%, then two hikes back to 5.75% as inflation returned to the top of the band.
BI-Rate (step line) and inflation (shaded), %, monthly.
The dollar costs 8% more rupiah
Rp 17,998 per dollar, after a peak of Rp 18,078 in July: dearer imports, more price pressure.
Rupiah per US dollar, month end.
Credit is outrunning the economy
Lending growth has nearly doubled since 2024Q3, to 9.4%, while GDP stays near 5%.
Year-on-year growth, %. Bank credit GDP
Who holds the system’s assets
Banks hold almost 4 in every 5 rupiah of financial assets: their health is the system’s health.
Share of financial-sector assets, .
Strong on capital and profit, thinner on liquidity
Capital, profit and asset quality near their best since 2019; liquidity at its thinnest.
Deposit takers, %, 2026Q1. IMF Financial Soundness Indicators.
Where the stress shows
Bad loans cluster in property and households, both well above the 1.99% for all loans.
NPL ratio, %: a year earlier (○) and latest (●).