JAKARTA - Minister of Finance (Menkeu) Sri Mulyani reminded the Indonesian people, especially for economic players, that the 2022 trip will be marked by greater uncertainty. According to him, this is the impact of regulatory adaptations carried out by the world's major countries.
"We know that the global environment will experience higher turbulence entering 2022. This is because various developed countries must undergo adjustments in monetary policy in the presence of high inflationary pressures," he said at a press conference on our State Budget which was broadcast online on Tuesday. , December 21.
The Minister of Finance revealed that the government itself has prepared strengthening steps in terms of exit policies that will be taken.
"Therefore, we also need to restore our economy and at the same time strengthen our policy instruments," he said.
Furthermore, the state treasurer also encourages all parties to comply with the government's recommendations in terms of health so that the pressure that arises does not have a bigger impact.
"Then the stronger economy will only happen if the Covid-19 continues to be under control. To be able to achieve this, the government and the community must continue to maintain health discipline so that our efforts to deal with shock will not be in vain,” he explained.
To note, the two countries that have the greatest global economic influence, namely the United States (US) and China, have yet to make adjustments to their monetary policy.
For example, the US is still loyal to fixing the Fed Funds Rate at 0.25 percent from March 2020 until the end of 2021. In fact, the current inflation rate is at the level of 6.8 percent from previously sloping around 1 percent at the beginning of the pandemic.
The Minister of Finance himself predicts that the US central bank, The Federal Reserve or the Fed, will accelerate the reduction of liquidity in the market from the previous 15 million US dollars per month to 30 million US dollars per month.
“The risk going forward is that the Fed indicates faster monetary tightening. This can be seen from the strengthening of demand and inflationary pressures in the United States which encourage the acceleration of tapering policy and the possibility of an increase in the Fed's interest rate in 2022," closed the Minister of Finance Sri Mulyani.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
