The International Monetary Fund (IMF) highlighted three global risks that may overshadow Indonesia’s economic recovery. The first risk is the uncertainty of the pandemic, driven by low vaccination rates, risks of lockdowns and the emergence of new variants. The second
OJK is closely monitoring the high levels of risky credits (or loans at risk) at banks to ensure that financial markets remain healthy as Indonesia enters the third year of the C-19 pandemic. OJK shared that the gross non-performing-loans (NPL)
The average daily cases in Indonesia as of last week, is at 1,808 cases per day, which is significantly low compared to global figures. President Joko Widodo had urged the population to get booster shots, as a step to prevent
Bank Indonesia (“BI”) expects rising inflation for 2022 Q3. This will result in BI raising benchmark interest rate, which is currently at the lowest level in history. BI Governor Perry Warjiyo commented that 2022’s inflation rate will be higher than
State-owned banks are optimistic about the economic recovery, with a number of banks projecting credit growth to reach 10% by 2022. Both BRI and BTN estimate that credit distribution in 2022 to have year-on-year growth at 8-10%. BRI’s lending focus
OJK recorded that the banking industry’s credit distribution reached US$ 40 billion (IDR 5,653 trillion) as of September 2021, a 2.21% year-on-year increase. State-owned banks disbursed ~51% of the total credit volume as of Q3, and increased their lending by
Domestic economic outlook from consumers and businesses have strengthened as Indonesia loosens its social distancing policies (PPKM). The government implemented a number of easing measures in November, including increasing the capacity of shopping malls and public transportation. This is reflected
The International Monetary Fund (IMF) forecasts Asia region’s economic growth for 2021 from the previous 7.6% to 6.5% in April. The agency cited the spread of Covid-19 Delta variant, supply chain disruptions, and high inflation, as material risks depressing the
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