Instruments for OMO in foreign currency are as follows: OMO in foreign currency is conducted through intervention instruments (spot, forward, and DNDF) as well as liquidity management instruments aimed at supporting the stability of the Rupiah exchange rate ( FX swap, FX term deposit, BI FX bills, and sharia FX term deposit). Instruments for OMO in domestic currency are as follows: BI announces plans and results of regular and non-regular OMO auctions through the website of BI and/or other designated means. Meanwhile, non-regular OMO can be conducted at any time (fine-tune operation) to strengthen the achievement of monetary operations target through the implementation of regular OMO. Regular OMO isĬonducted on a scheduled basis through an auction. OMO can be carried out regularly and non-regularly. OMO absorption is performed to absorb excess liquidity while OMO injection is undertaken to increase liquidity in order to maintain a balance of liquidity conditions to support the achievement of monetary operations target. OMO in domestic currency is divided into two, namely OMO absorption and OMO injection, considering liquidity conditions in the banking system both conventional and sharia. Open Market Operations (OMO) are transaction in the money market and/or foreign exchange market conducted by Bank Indonesia with Banks and/or other parties for monetary operation in a conventional manner and based on sharia principles.

Monetary operations consist of Open Market Operations (OMO) and Standing Facilities (SF). To maintain the exchange rate in line with its fundamental values, Monetary Operations are conducted through the implementation of interventions and/or other foreign exchange transactions on the foreign exchange market. To control the interest rate in PUAB O/N as the operational target of monetary policy, Bank Indonesia conducts liquidity management in Rupiah money market through liquidity absorption and/or liquidity injection. To achieve the monetary stability, Monetary Operations are carried out by controlling the interest rates in Overnight Interbank Money Market (PUAB O/N) to move around the policy rate which is BI 7-Day Reverse Repo Rate (BI7-DRR) and maintaining rupiah exchange rate stability in line with the fundamental exchange rate.

Monetary operations may be conducted in a conventional manner and based on sharia principles. Monetary Operations aim to achieve monetary stability in the money market and foreign exchange market in an integrated manner.

Ocbc foreign fixed deposit rates