The BI Board of Governors agreed on 13th and 14th April 2020 to Hold the BI 7- Day Reverse Repo Rate at 4.50%, While also maintained the Deposit Facility (DF) and Lending Facility (LF) Rates at 3.75%and 5.25%. The Decision Cononsiders The Need to Maintain External Stability Amidst Heightened Global Financial Market Uncertainty, While Bank Indonesia Adequate Space to Lower the Policy Rate Due to Mild Inflationary Pressures and the Urgent Need to Stimulate Economic Economic Growth. (Bank Indonesia) to Support National Economic Recovery Efforts from the Deleterious Covid-19 Impact, Bank Indonesia will increase monetary easing through quantitative easing. First, Expand Monetary Operations by providing banks and corporations a Term-Repo Mechanism with Sun/SBSN Underlying Transactions of Tenors Up to One Year. Second, lower the rupiah reserve requirements ratios by 200bps for conventional commercial banks and by 50bps for Islamic banks/Islamic business units, effective from 1st May 2020. Third, relax the additional demand deposit deposit obligations to meet the macroprudiation commercial banks as well as Islamic banks/Islamic business units for a period of one year, effective from 1st May 2020. (Bank Indonesia) Source: Danareksa Securities Debt Research