TEMPO.CO, Jakarta - Bank Indonesia (BI) has released the publication of the yield curve of the money market to strengthen the efficiency and transparency in the formation of prices in the domestic money market. Ramdan Denny Prakoso, the Executive Director of BI's Communication Department, stated that the curve reflects the actual price conditions formed in the secondary market, thereby providing a more accurate and transaction-based reference for all market participants.
"This publication is expected to improve the efficiency of price formation in the money market, boost liquidity in the secondary market transactions, deepen the domestic financial market, and strengthen the effectiveness of monetary policy transmission," said Denny in a press release on Monday, June 8, 2026. The yield curve will be released every Monday or the first working day of each week, starting from June 8, 2026.
Denny explained that the yield curve is calculated based on the weighted average price and volume of actual transactions in the Repurchase Agreement (Repo) and Indonesian Rupiah Securities (SRBI) in the secondary market. The data includes Repo tenor of 1 month, as well as SRBI tenor of 3, 6, and 12 months.
According to Denny, the initiative of this publication is part of BI's commitment together with the National Working Group on Benchmark Reform (NWGBR) to strengthen the domestic benchmark interest rate reform and encourage the formation of a modern, transparent, efficient, and transaction-based financial market. NWGBR consists of BI, the Ministry of Finance, the Financial Services Authority, and the Association of Indonesian Money Market and Foreign Exchange Market (APUVINDO).
Based on the newly released data, the weighted average price and volume for the Repo 1-month interest rate on Friday, June 5, 2026, was recorded at 6.36 percent with a volume of Rp1.58 trillion. Meanwhile, the weighted average price for the 3-month SRBI interest rate was 6.62 percent with a volume of Rp638.9 billion. As for the weighted average price for the 12-month SRBI interest rate, it was 7.24 percent with a volume of Rp6.97 trillion.
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