BI: Economic Growth Can not 5.3 Percent
By : Herry Barus And Aldo Bella Putra | Thursday, May 24 2018 - 20:30 IWST

Perry Warjiyo Gubernur Bank Indonesia (Foto Dok Industry.co.id)
INDUSTRY.co.id - Jakarta - Bank Indonesia's new governor Perry Warjiyo said domestic economic growth in 2018 could not reach 5.3 percent (year-on-year / yoy).
After swearing the oath of office as Governor of Bank Indonesia at the Supreme Court, Jakarta, Thursday (5/24/2018) Perry said that Indonesia's economic growth this year reaches a maximum of 5.2 percent (yoy).
"Indeed we want higher, but there are some aspects of the domestic economy that have not been able to push up to 5.3-5.4 percent, but 5.2 percent is good enough," said Perry who spent his last five years as Deputy Governor of BI.
The Central Bank wants to anchor economic growth this year in the range of 5.1-5.5 percent (yoy). However, until the first quarter of 2018, the economic growth only reached 5.06 percent (yoy), with consumption growth still slowing.
Perry, who has always campaigned for monetary policy and prostability, emphasized that in the remainder of the year BI will continue to prioritize monetary policy to maintain economic stability. However, BI will not neglect if there is an opportunity for the Central Bank to adjust its policies to boost economic growth.
"One of our monetary policy instruments will be to maintain stability, but we have four instruments for pro-growth," he said.
The first four instruments are macroprudential policy relaxation, in which is the policy for relaxation in the field of housing finance. Then, the two macroprudential policies to accelerate the deepening of financial markets.
"This deepening financial market includes issuing infrastructure financing instruments," he said.
Third, the payment system policy to improve the efficiency and effectiveness of national digital economy.
Furthermore, the fourth is to strengthen the acceleration of Islamic finance and economics, including building a halal product industry, and developing educational research and sharia economic campaigns.
Read Also
FAB to Provide Over AED500 Billion (USD135 Billion) in Green Finance…
CTBC Supports Taiwanese Employees to Go Overseas
Rakuten Card’s Systems Development Subsidiary in Vietnam Relocates…
Increase in New Loan Disbursement Drives Growth in KB Bukopin's Interest…
PermataBank Holds Annual General Meeting of Shareholders 2023 and…
Today's Industry

Jumat, 28 Maret 2025 - 22:21 WIB
SUNeVision Initiates MEGA IDC Phase Two Development
SUNeVision, the technology arm of Sun Hung Kai Properties (SHKP), today announced the commencement of construction for Phase Two of MEGA IDC in Tseung Kwan O. As Hong Kong's largest data centre…

Jumat, 28 Maret 2025 - 22:07 WIB
TDL Records New Revenue Record of IDR 25 Trillion in 2024 Ahead of 50th Anniversary
PT Metrodata Electronics Tbk (MTDL), the largest technology Company with the most complete IT and telecommunications products in Indonesia, managed to record a revenue of IDR 25 trillion in…

Jumat, 28 Maret 2025 - 22:00 WIB
Wireless Logic Selected By Thales As IoT Connectivity Partner
Wireless Logic, a global leader in IoT connectivity solutions has been selected by Thales, a global leader in advanced eSIM technologies, to enable secure, scalable and resilient IoT connectivity…

Jumat, 28 Maret 2025 - 21:53 WIB
Microvista Expands International Presence with Mobile CT System ScanExpress
The German specialist in industrial computed tomography and non-destructive testing, Microvista, announces the European expansion of its innovative mobile CT system, ScanExpress. The system…

Jumat, 28 Maret 2025 - 21:44 WIB
Turning Loss into Profit, INOV Optimistic in Maintaining Positive Performance this Year
PT Inocycle Technology Group Tbk (INOV:IJ) Indonesia's leading and largest PET waste recycling Company managed to book sales of IDR 629 Billion in 2024, an increase of 4.8% compared to the previous…
News Comment