KSSK Reveals Financial System Stability In The Third Quarter Of 2024 Stays Guarded

JAKARTA - The Financial System Stability Committee (KSSK) revealed that Indonesia's financial system stability in the third quarter of 2024 was still maintained in line with the easing of the global financial market.

This is based on the results of the KSSK Coordination Meeting conducted by the Ministry of Finance (Kemenkeu), Bank Indonesia (BI), the Financial Services Authority (OJK), and the Deposit Insurance Corporation (LPS).

Finance Minister Sri Mulyani Indrawati revealed that the Stability of the Financial System (SSK) in the third quarter of 2024 was maintained in line with the easing of pressure on global financial markets after the easing of policies carried out by various major countries, such as the United States (US) and Europe.

"We agreed to increase coordination and synergy and increase vigilance amid various risks," said at the KSSK Periodic Meeting Results Press Conference in 2024, Friday, October 18.

Although the pressure has eased, Sri Mulyani emphasized that it still requires anticipating the uncertainty of the global financial market in line with the escalation development of geopolitical turmoil in the Middle East which requires to be monitored and monitored properly.

"Entering the fourth quarter of 2024, it means that starting this October, dynamics and financial markets need to be anticipated. This is in line with the excalation of geopolitical turmoil in the Middle East," he said.

Therefore, Sri Mulyani is committed and all KSSK members to be able to improve coordination and synergy.

As well as increasing vigilance in the midst of various risks that are so dynamic and have the potential to debate the economy and stability of the domestic financial sector.