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New BI Governor: Economy Cannot Grow 5.3 Percent Yet

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Editor

24 May 2018 20:30 WIB

Indonesia's Central Bank Governor Agus Martowardojo (C) speaks to reporters beside Deputy Governor Perry Warjiyo (L) and Senior Deputy Governor Mirza Adityaswara (R) at Bank Indonesia headquarters in Jakarta, Indonesia, November 17, 2016. REUTERS/Beawiharta

TEMPO.CO, Jakarta - Newly-elected Bank Indonesia (BI) governor Perry Warjiyo said Indonesia`s economy cannot grow 5.3 percent this year. Perry projects the economic growth rate for 2018 at 5.2 percent.

"Of course, we want higher growth. But there are several aspects that cannot support our economy to grow 5.3 percent this year," Perry said after his inauguration in Jakarta, Thursday, May 24. 

Read: Indef: 5 Tasks of New BI Governor Perry Warjiyo

Perry did not say what those aspects were, but remarked that—overall—Indonesia's economy is growing at a fine rate; better than other countries.

The Central Statistics Agency recorded Q1/2018 growth at 5.06 percent (yoy), inching up from last year's 5.01 percent.

Perry said he will promote monetary policies that benefit and maintain financial stability. He plans to helm BI in securing the stability of economic fundamentals; particularly inflation and the exchange rate. 

Zara Amelia

 

 

 
EconomyBank Indonesia


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