JAKARTA - The Financial Services Authority (OJK) is wary of a series of risks that arise, ranging from increasing trade war tensions to global geopolitical conflicts. This condition is feared to affect the domestic financial market.
Chairman of the OJK Board of Commissioners Mahendra Siregar said that the board of commissioners meeting considered that the financial services sector was still stable. This condition is supported by a strong level of capital and adequate liquidity amid global uncertainty.
Even so, Mehendra said OJK was wary of a number of risks that arise from geopolitical conflicts. As is known, tensions still occur in several areas.
In addition, continued Mahendra, commodity price fluctuations can affect export performance. Including, the condition of the global financial market due to the policy of the reference interest rate for developed countries.
"In the midst of mixed global financial market conditions. OJK is still wary of risk factors that have the potential to affect the financial services sector in the future," he said in a virtual press conference, Monday, August 5.
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Meanwhile, continued Mahendra, the domestic economic situation is positive and quite stable. Where inflation was also successfully maintained.
For your information, the Central Statistics Agency (BPS) conveyed the latest condition of Indonesia's economy. Where recorded economic growth grew 5.05 percent on an annual basis in the second quarter of 2024.
"In the country, the performance of the national economy is still quite positive and tends to be stable with the level of inflation maintained and the continuation of the trade balance surplus," he explained.
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