The Bank of Indonesia has published its Economic Report on Indonesia 2024 (LPI 2024), framing it as a transparency report that evaluates the central bank’s policy implementation in 2024 and sets out policy directions and targets for 2025. The report, themed “Synergy Strengthening Stability and National Economic Transformation”, also discusses the Money Market and Foreign Exchange Market Development Blueprint 2030 (BPPU 2030) to accelerate money and foreign exchange market deepening, and the Indonesia Payment System Blueprint 2030 (BSPI 2030) to strengthen national digital transformation. At the launch, Governor Perry Warjiyo highlighted a policy mix oriented to stability and growth, including monetary policy focused on stability and macroprudential measures such as the Macroprudential Liquidity Incentive (KLM), MSME development, financial inclusion and payment system digitalisation. He also outlined support for government programmes under “Asta Cita”, including maintaining Rupiah and financial system stability, strengthening monetary-fiscal coordination including secondary-market purchases of government securities (SBN) through bilateral buyback and debt switching mechanisms, using KLM to encourage priority-sector lending/financing, supporting food security linked to inflation control, and expanding digitalisation of government transactions in coordination with the Regional Digitalisation Acceleration and Expansion Team (TP2DD). Bank Indonesia indicated it will continue coordination with the Government and other authorities in response to global spillovers, and it has made the full report available online in digital format.

Original source View in tracker