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January 22, 2025 | 05:13 pm
TEMPO.CO, Jakarta - Governor of Bank Indonesia (BI) Perry Warjiyo is optimistic that the national economy this year will be better than in 2024.
"We expect growth (this year) to be between 4.7 to 5.5 percent and will increase next year to 4.8 to 5.6 percent," Perry said at the launch of the 2024 Indonesian Economic Report which was followed virtually in Jakarta, Wednesday, January 22, 2025.
In fact, according to Perry, economic growth will rise in two years and will continue to rise higher in the coming years.
Not only economic growth, the inflation rate is also predicted to be under control in the range of 2.5 plus minus 1 percent. The Rupiah exchange rate will be kept stable so that the Indonesian economy continues to grow. Lending will be encouraged to grow between 11 and 13 percent. Then, the digitalization of the Indonesian economy will also continue.
"We are optimistic that Indonesia is united, synergized. Not only stable but also growing higher amidst continuing global and geopolitical turmoil," Perry said. "We remain vigilant against global turmoil but must build optimism to move forward together."
Going forward, Perry said, Bank Indonesia's policy direction continues to be directed at supporting economic stability and growth.
At the January 2025 Board of Governors Meeting (RDG), BI lowered its interest rate by 25 basis points (bps) to 5.75. This step was taken because the central bank believes inflation is low and BI needs to help boost economic growth.
In addition, Perry also emphasized BI's commitment to maintaining the stability of the rupiah exchange rate. BI also continues to increase liquidity for banks to channel credit, including the Macroprudential Liquidity Incentive Policy (KLM) incentive policy to priority sectors. "We have distributed Rp 295 trillion (KLM incentives) to banks for priority sectors," he said.
Not only that, according to Perry, BI also continues to encourage digitalization in the financial economy, micro, and government financial transactions, as well as other policies.
"The monetary is pro-stability and growth. But macroprudential, payment system, market deepening, MSME, inclusion are pro-growth," Perry said. "Our direction, Bank Indonesia's policy is strengthening stability and encouraging economic growth."
ANTARA | RR ARIYANI
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