JAKARTA - The Financial Services Authority (OJK) has confirmed that the stability of the national financial services sector remains maintained until March 2026.
"The Monthly Board of Commissioners Meeting of the Financial Services Authority, held on April 1, 2026, assessed that the stability of the financial services sector remained maintained," said Chairman of the OJK Board of Commissioners, Friderica Widyasari Dewi, in a press conference for the OJK Board of Commissioners Meeting, Monday, April 6.
Friderica, who is familiarly called Kiki, explained that in the future the global economy faces an increasingly high level of uncertainty, and this is triggered by increasing geopolitical tensions in the Gulf region which has the potential to disrupt global stability.
However, he added that the situation also contributed to rising energy prices and increased volatility in global financial markets.
In its March 2026 interim economic outlook report, the OECD previously projected that the global economy would strengthen before the conflict, however, the projection is now being adjusted due to the escalation of the conflict in the Middle East.
"The high global uncertainty and energy price pressures also narrow the monetary policy space for global central banks, while re-emerging expectations of high for longer," he explained.
Kiki said that in the United States, the economy showed pressure amid persistent inflation and rising unemployment rates.
In addition, he added that the US central bank (The Fed) is also expected to maintain the benchmark interest rate with a signal of only one reduction throughout 2026, however, after the escalation of the Iran conflict, market expectations changed to no interest rate cuts in that year.
Meanwhile, Kiki said China's economy recorded a performance that exceeded expectations, supported by improvements in terms of demand and supply as well as stimulus in the financial sector.
However, he added that the Chinese government still lowered its growth target in response to structural challenges and continued global uncertainties.
Meanwhile, on the domestic side, he said that core inflation in March 2026 was recorded as declining, and consumption activity remained strong at the beginning of the year, reflected by the growth in retail sales which is estimated to reach 6.89 percent on an annual basis, as well as the performance of motor vehicle sales which are solid. , while on the production side, the manufacturing PMI index is also still in the expansion zone.
"In terms of external resilience, foreign exchange reserves in February 2026 are at a high level and record a trade balance surplus. Given the escalation of the Iran-United States conflict, Israel has the potential to increase the risk of transmission to the financial sector through three main channels, namely the financial market channel, rising energy prices and direct channels in trade and investment exposure," he said.
Kiki conveyed that OJK also encouraged financial services institutions to conduct forward-looking assessments and strengthen anticipatory steps.
According to him, these efforts include strengthening risk management, intensive monitoring of conditions, and maintaining sufficient liquidity and capital.
"In addition, OJK continues to monitor market movements and coordinates with self-regulatory organizations in taking the necessary policy measures," he said.
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