Indonesian Economy is Resilient, says BI Governor

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  • Bank Indonesia's new governor, Perry Warjiyo. REUTERS/Willy Kurniawan

    Bank Indonesia's new governor, Perry Warjiyo. REUTERS/Willy Kurniawan

    TEMPO.CO, Jakarta - The Governor of Bank Indonesia (BI), Perry Warjiyo, stated that the Indonesian economy is stable and resilient, as reflected in the solid growth and controlled inflation, as well as the maintenance of financial system stability.

    Nonetheless, with the domestic economy safeguarded, Indonesia has to focus on the effect of the global economy, based on a statement from Bank Indonesia received on Wednesday.

    To that end, Bank Indonesia applies a policy scenario to ensure financial market competitiveness in Indonesia and maintain financial market attractiveness in order to effectively manage the current account deficit.

    Read also: Indonesia`s External Debts Remain Manageable: BI

    Bank Indonesia also pursues market intervention to maintain the rupiah exchange rate stability.

    Furthermore, financial market deepening has been accelerated to ensure more prospective financial markets.

    In its efforts to maintain the national economy, Bank Indonesia is not alone but is coordinating and cooperating with other relevant institutions, including the Government, Indonesian Financial Services Authority (OJK) and other institutions.

    Warjiyo also stated that the international community could help itself. Clear communication, including from the US, reduces uncertainty.

    Advanced economies must understand the possible ramifications of their policies on the global economy.

    ANTARA