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Indonesia, BI strengthen policy coordination amid global uncertainty

Jakarta (ANTARA) – The Indonesian government is strengthening policy synergy with Bank Indonesia (BI) to maintain national economic stability and sustain growth momentum amid global economic uncertainty.Head of the Government Communications Agency (Bakom) Muhammad Qodari said in a video statement on Wednesday that close coordination between fiscal and monetary policies is crucial to navigating an increasingly challenging global economic environment.”These efforts certainly cannot be carried out by the government alone. Close synergy with Bank Indonesia as the monetary authority is needed so that fiscal and monetary policies can reinforce one another,” Qodari said.The coordinated policy push comes as international markets continue to face pressure from geopolitical conflicts, supply chain fragmentation, and shifting trade policies—factors expected to keep global economic growth at around three percent in 2026.Despite external pressures, the government remain confident in Indonesia’s economic outlook, supported by strong national fundamentals and ongoing policy coordination with the central bank.As part of efforts to maintain macroeconomic stability, Bank Indonesia kept its benchmark BI Rate unchanged at 5.75 percent during its July 2026 Board of Governors Meeting.The decision is intended to support rupiah exchange rate stability and keep domestic inflation under control.Beyond maintaining stability, the government and Bank Indonesia are also working together to empower micro, small, and medium enterprises (MSMEs), expand access to business financing, and accelerate digital transformation through integrated payment systems.Qodari emphasized that strong collaboration among the government, Bank Indonesia, the private sector, and the public will help preserve economic stability while advancing the long-term vision of achieving the Golden Indonesia 2045 goals.