OJK Calls The Indonesian Economy Solid
JAKARTA - The Financial Services Authority (OJK) reports that Indonesia's economic condition is monitored to be solid with the economic condition in the quarter-III growing 5.04 percent year-on-year, and the Manufacturing PMI index remains in the expansion zone.
However, the development of domestic demand still requires further support in line with the moderation of core inflation, the level of consumer confidence, and the retail, cement, and vehicle sales rate.
"Throughout 2025, the financial services sector has generally shown strong resilience amid various global and domestic dynamics," said Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar, Thursday, December 11.
In the capital market, he continued, despite being under pressure at the end of the quarter-I due to negative sentiment in global trade, the JCI recovered and returned to a positive trend.
Supported by adaptive policy responses from the OJK and the Indonesia Stock Exchange through buyback policies without GMS, adjustment of trading Halt limits, and the application of asymmetric auto rejection. After the volatility period, the JCI showed high resilience and even recorded several high records throughout 2025.
In terms of intermediation, bank credit growth and financing companies are moderate compared to last year, especially in segments affected by the slowdown in sectoral performance. insurance premiums, especially life insurance, grew lower than the previous year.
Nevertheless, the resilience of the financial services industry is considered to remain strong, supported by solid capital, adequacy of reserves, and a controlled risk profile.
"This condition is the modality for the expansion space of the performance of the financial services sector that is wider in the future, which is supported by the implementation of financial market deepening policies, expansion of access to financing, as well as strengthening integrity and governance in all sectors of financial services," he continued.
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Mahendra memastikan OJK senantiasa mengarahkan sektor jasa keuangan untuk turut berkontribusi optimal terhadap program prioritas pemerintah dengan memastikan penerapan prinsip manajemen risiko dan tata kelola yang baik.
"Dengan melihat kondisi perekonomian itu, dan dalam rangka mendorong pertumbuhan yang lebih optimal, OJK telah melakukan berbagai langkah deregulasi di sektor pergadaian dan lembaga keuangan mikro guna memberikan kemudahan berusaha bagi pelaku industri," tandas dia.
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Mahendra ensured that OJK always directs the financial services sector to contribute optimally to government priority programs by ensuring the implementation of good risk management principles and governance.
"By looking at the economic condition, and in order to encourage more optimal growth, OJK has taken various regulatory steps in the pawnshop sector and micro financial institutions to provide ease of doing business for industry players," he said.