Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post
The Jakarta Post
Video Weather icon 30°C
DKI Jakarta, Indonesia
weather-icon
30°C Partly Cloudy

Dry and mostly cloudy throughout the day.

  • weather-icon

    Wed

    26℃ - 32℃

  • weather-icon

    Thu

    25℃ - 32℃

  • weather-icon

    Fri

    25℃ - 31℃

  • weather-icon

    Sat

    26℃ - 30℃

BI to formulate seven policies to help economy in 2019

  • News Desk
    News Desk

    The Jakarta Post

Jakarta | Wed, November 28, 2018 | 01:28 pm
BI to formulate seven policies to help economy in 2019 Bank Indonesia Governor Perry Warjiyo (Antara/Puspa Perwitasari)

Bank Indonesia Governor Perry Warjoyo said on Tuesday that BI would help stabilize the economy amid global uncertainty by introducing seven main policies in 2019.

First, BI plans to focus on its current monetary policy to maintain stability in inflation, which is set at around 3.5 percent, while keeping the rupiah exchange rate at its fundamental value.

“We will maintain a preemptive, ahead-of-the-curve monetary policy in 2019,” Perry said in Jakarta on Tuesday as quoted by kompas.com.

Second, the central bank plans to focus on a macroprudential policy to encourage banking intermediation and maintain a resilient financial system through close surveillance of large banks and corporations.

“Third, the payment system will be developed to allow for smoother, more efficient and secure transactions, both cash and cashless, and to support the development of the digital economy,” Perry said.

Fourth, BI will encourage the acceleration of financial market deepening and expand on financing through innovations in financial instruments, particularly those that help to develop infrastructure.

Fifth, BI will support the development of the sharia economy and sharia finance. Sixth, BI will take part in the expansion of micro, small and medium enterprises by controlling inflation and reducing the current account deficit.

Lastly, Perry said, BI would take part in improving Indonesia's image by playing an active role in formulating policies in international institutions. (bbn)

Join the discussions