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View all search resultsThe House of Representatives is seeking to expand Bank Indonesia’s (BI) mandate to include economic growth and job creation, which analysts warn could conflict with monetary policy goals and motivate political interference.
One key feature of a deep financial sector is the availability of long-term investment capital. To achieve this, participation in pension and insurance programs should be increased; at the same time, early withdrawals should be discouraged.
Indonesia’s financial sector is resilient enough not to buckle even under extreme scenarios for the global economy, according to the latest stress tests conducted jointly by Bank Indonesia (BI), the Finance Ministry, the Financial Services Authority (OJK) and the Deposit Insurance Corporation (LPS).
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