Bank Indonesia Revises Macroprudential Liquidity Incentive Policy: Maximum Incentive Raised to 6% as Securities Ownership Becomes a New Qualification Route

Bank Indonesia (“ BI ”) has issued Regulation of the BI Board of Governors No. 26 of 2026 concerning the Second Amendment (“ Second Amendment ”) to Regulation of the BI Board of Governors No. 27 of 2025 (“ Regulation 27/2025 ”) on the Implementing Regulation of the Macroprudential Liquidity Incentive Policy (Kebijakan Insentif Likuiditas Makroprudensial– “ KLM ”). Previously, Hukumonline’s Team also analyzed Regulation of the BI Board of Governors No. 22 of 2026 , which introduced the First Amendment to Regulation 27/2025. [1] The Second Amendment officially came into force on 1 September 2026. [2]