KSSK Says Indonesian Financial System Still Safe in Q1-2026

JAKARTA - The Financial System Stability Committee (KSSK) stated that the stability of the Indonesian financial system in the first quarter of 2026 remained maintained.

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

Minister of Finance Purbaya Yudhi Sadewa said the condition of the Financial System Stability (SSK) in the first quarter of 2026 remained safe even though global economic uncertainty continued to increase.

According to him, the results of the KSSK assessment show that the fiscal, monetary, and financial sectors of the country are still in a stable condition amid high volatility in global financial markets due to the escalation of the conflict in the Middle East.

"The results of the KSSK assessment show that the fiscal, monetary and financial sector conditions during the first quarter of 2026 remain in a well-maintained condition, amid increasing volatility in global financial markets as the conflict in the Middle East escalates," Purbaya said in a press conference of the Financial System Stability Committee (KSSK), Thursday, May 7.

Purbaya explained that entering April 2026, the development of conflicts in the Middle East is still the main factor that affects global market turmoil, especially regarding rising energy prices.

In the future, he said, the KSSK will continue to monitor and assess forward-looking conditions of the national economy and financial sector.

According to him, mitigation steps will also be carried out in a coordinated manner, both between KSSK members and with other related ministries and agencies.

"This is based on the second regular meeting of the KSSK in 2026 which was held on Monday, April 27, 2026. The global situation is still full of uncertainty, we will continue to be aware of it. For the domestic economy, we see the first quarter of growth is quite good, 5.61 percent," he said.

However, Purbaya said the government would still monitor developments in the second quarter of 2026, including various potential obstacles that could affect macroeconomic conditions.

He added that the government was also expected to provide additional stimulus to maintain national economic growth.