Indonesian central bank to buy $30 billion debt from government

Bank Indonesia
Bank Indonesia
Photo: Christopher Jeffery

Indonesia’s central bank will buy around sovereign debt worth $30 billion over two years, its governor and the finance minister announced on August 24.

Bank Indonesia will buy a total of 439 trillion-rupiah ($30.4 billion) worth of sovereign bonds directly from the government, it said. It will buy 215 trillion rupiah ($14.9 billion) this year, followed by 224 trillion-rupiah ($15.5 billion) in 2022.  

The government will effectively pay no yields to the central bank on just over a fifth of the

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