BI Governor Call This Year The Right Time To Invest In Indonesia

Governor of Bank Indonesia, Perry Warjiyo. (Photo: Bank Indonesia)

JAKARTA - The Governor of Bank Indonesia, Perry Warjiyo, believes that now is a good opportunity to invest in Indonesia. According to him, this is based on the better condition of Indonesia, stronger resilience of Indonesia, maintained national economic stability, and continued growth momentum amidst global economic uncertainty.

"Indonesia is capable of being one of the best performers in Asia in maintaining economic stability during 2019," said Perry in the Visionary Talk event which is part of the 2020 Annual Investment Forum series held in Bali, Monday 30 January.

On this occasion, Governor Perry also said that one of the keys to strengthening Indonesia's economic resilience is through a policy mix. Amid the continuing global economic downturn, Bank Indonesia's accommodative policy mix will be continued in 2020.

"All instruments of the Bank Indonesia policy mix are aimed at supporting the momentum of economic growth. Monetary policy interest rates are lowered, liquidity is relaxed, and rupiah exchange rate stabilization is being carried out. Easing macroprudential policy is also being pursued again," said Perry.

The accommodative monetary and macroprudential policy mix, he said, was aimed at increasing banking intermediation and other economic financing from the supply and demand side. The accommodative policy continues to be pursued in the payment system sector which focuses on strengthening digital-based public instruments and infrastructure, including the implementation of the QR Code Indonesian Standard (QRIS).

"Policies related to financial market deepening and the development of the Islamic financial economy will also continue to be carried out to boost the momentum of economic growth," he said.

Annual Investment Forum 2020 is an event held annually by Bank Indonesia. This event was also coupled with an international seminar that presented speakers from economists, investment banking managers, global asset managers and central banks from various countries.

One of the topics discussed was related to Global Views in Economic and Political Perspectives. The event was attended by 150 participants consisting of various institutions, including central banks from various countries, government officials, managers of banking assets and Bank Indonesia internal circles.

"This forum is expected to increase cooperation through the exchange of experiences and ideas related to the management of foreign exchange reserves and how to overcome the challenges of managing foreign exchange reserves today," Perry concluded.