Maintain Financial System Stability, OJK Supports Negotiated Steps On US Reciprocal Tariff Policy

JAKARTA - Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar said that the OJK is observing global dynamics, especially regarding the imposition of resipulation rates by the United States (US) on a number of countries, including Indonesia.

Mahendra emphasized that the OJK supports the government's strategic steps in negotiating and mitigating the impact of this policy on the national economy.

According to him, this is important to maintain financial system stability, maintain market confidence, and maintain competitiveness and momentum for national economic growth.

"OJK continues to collaborate with relevant ministries, institutions and stakeholders in formulating and taking the necessary strategic policies, including for industries directly affected by the reciprocal rate," he said at a press conference, Friday, April 11.

In addition, Mahendra said that the OJK also takes into account the pressures that occur in the global and regional stock markets due to the resipprocal tariff policy, as well as anticipating the potential for significant market fluctuations.

In response to this condition, Mahendra said that on April 7, 2025, the OJK through the Indonesia Stock Exchange took a policy of adjusting restrictions or trading the bus stop if the Composite Stock Price Index (JCI) weakened significantly in one trading day, and made adjustments to lower auto-rejection limits for stocks.

Mahendra said that his party will continue to monitor the development of the financial market and ensure that various policies taken, through close coordination with stakeholders, can be implemented effectively in order to reduce the risk impact of global uncertainty due to the reciprocal tariff policy from the United States.