BI Governor: Consistency, Innovation, And Synergy Are Needed In Facing Global Challenges

BI Governor Perry Warjiyo (Photo: Doc. Antara)

JAKARTA - Bank Indonesia (BI) Governor Perry Warjiyo is optimistic that Indonesia's excellent economic performance will continue amid the potential uncertainty in the global economy.

According to Perry, his party continues to monitor a number of potentially forthcoming pressures, such as the global economic slowdown, the high rate of inflation, high interest rates, strong US dollar exchange rates, and the cash is the king phenomenon.

"For this reason, consistency, innovation, and synergy are needed in formulating various policies of the central bank together with the government," he said in a press release, quoted on Friday, January 27.

Perry explained that Bank Indonesia will continue to carry out various innovations that are summarized in the five main policies, namely pro-stability monetary policy and macroprudential policy, payment system policy.

Then, policies to deepen financial markets, as well as policies for MSMEs and the pro-growth Islamic economy.

"These various policies are supported by synergies through close coordination with the government and other strategic stakeholders," he said.

Perry added, related to the management of foreign exchange reserves, his party will emphasize the importance of understanding economic fundamentals, business and financial cycles, and future economic challenges.

"For this reason, strengthening the management of foreign exchange reserves that has been implemented since last year will continue to be carried out. We will carry out an asset allocation strategy that considers external obligation profiles, both cyclic and structural, as well as downside risk mitigation so that foreign exchange reserves can be maintained," concluded BI Governor Perry Warjiyo.