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)
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.

News Comment

Today's Industry

Mentan Andi Amran Sulaiman (Dok Industry.co.id)

Selasa, 18 September 2018 - 18:30 WIB

Six Polbangtan Launched, Ministry of Agriculture Ready to Print Young Agricultural Entrepreneurs

Bogor - Ministry of Agriculture (Ministry of Agriculture) officially launched the Agricultural Development Polytechnic (Polbangtan) in Bogor, on Tuesday (18/09/2018). Vocational higher education…

Jagung pipil (doc:Kementan)

Selasa, 18 September 2018 - 18:00 WIB

Export Trends in Agricultural Products Increased, Agricultural Quarantine Opened in Ampana

Tojo Una Una - Ministry of Agriculture (Ministry of Agriculture) through the Agricultural Quarantine Agency (Barantan) officially opened a quarantine service in Ampana, Tojo Una-Una Regency,…

Industrial Gas Turbine SGT-800

Selasa, 18 September 2018 - 17:30 WIB

Siemens Focuses on Digital Transformation of the Energy and Electricity Sector

Jakarta - Power-Gen Asia 2018 which took place in Jakarta, Indonesia formed a partnership with the Indonesian Electricity Community (MKI) in the 73rd Indonesian National Electricity Day.

Ilustrasi Biodiesel 20 Persen (B20)

Selasa, 18 September 2018 - 17:00 WIB

Pertamina Claims Mandatory Biodiesel Has Been 80 Percent

Jakarta - Mandatory diesel mix and 20% palm oil or 20% biodiesel (B20) by PT Pertamina (Persero) has reached 80%, starting from the beginning of the year. The expansion of the program is known…

Predator Helios 300 Special Edition

Selasa, 18 September 2018 - 16:30 WIB

Target Gamers and Creative Workers, Official Acer Indonesia Launches Predator Helios 300 Special Edition

Jakarta - Acer Indonesia officially launches the Predator family gaming laptop Predator Helios 300 (PH315-51) Special Edition in limited quantities for the Indonesian market by targeting gamers…