BI Governor: Stability Maintained By High Economic Growth, RI Is Better Than Many Countries

BI Governor Perry Warjiyo (Photo: Capture BI Youtube screen)

JAKARTA - Governor of Bank Indonesia (BI) Perry Warjiyo firmly stated that the Indonesian economy is in quite an encouraging condition and is in a positive trend. According to him, this is a good achievement amidst strengthening pressure due to global uncertainty.

"Alhamdulillah, Indonesia is able to survive and is now recovering. Stability is maintained, economic growth is high and better than many other countries," he said at the Bank Indonesia Annual Meeting in Jakarta, Wednesday, November 30.

According to Perry, this score cannot be separated from the strong synergy and innovation of BI policies together with the government. However, he appealed to all parties to continue to increase awareness of the dynamics that may be present in line with optimism in the future.

The world is still volatile. We don't know when the Russian and Ukrainian wars will end. China and the United States trade wars are heating up again. Not to mention the lockdown in China for six months helped increase pressure," he said.

Not to mention the price of energy, continued Perry, which is getting higher with the distribution of constrained goods making the threat of stagflation in the world more real.

"We need to be aware of all of this," he stressed.

For information, Indonesia managed to record economic growth above 5 percent in the last four quarters. This book makes BI and the government optimistic that the growth rate can be in the range of 5.1 percent to 5.2 percent at the close of the 2022 period.

In addition, inflationary pressures tend to be maintained with a record October of 5.7 percent. Previously, the inflation level had touched 5.9 percent in September due to the increase in fuel oil prices (BBM).

Even so, the impact of increasing the energy bandroll only lasted for one month and returned to sloping in the following month. This situation is even claimed by BI to be faster than the previous reading which estimates that the impact of the increase in fuel will be quite strong against the inflation rate.