At its Annual Meeting 2025, Bank Indonesia published its macroeconomic outlook and the direction of its 2026 policy mix, centred on supporting economic growth while maintaining stability amid persistent global uncertainty. The central bank projected 2025 growth of 4.7–5.5%, rising to 4.9–5.7% in 2026 and 5.1–5.9% in 2027, while expecting inflation to remain within the 2.5%±1% target corridor in 2026 and 2027. The outlook flagged five global challenges requiring vigilance: implementation of US reciprocal tariffs, ongoing global economic moderation, high government debt and interest rates in advanced economies, vulnerabilities and risks in the international financial system, and rapid private-sector development of cryptocurrencies and stablecoins. Bank Indonesia framed the policy agenda around strengthening cross-policy synergy in five areas: macroeconomic and financial system stability, more resilient growth, financial markets and economic financing, national economic and financial digitalisation, and bilateral and regional economic cooperation. For 2026, monetary policy is set to remain pro-stability while using available room to support growth, while macroprudential and payment system policies remain pro-growth, supported by money and foreign exchange market deepening (PUVA) in line with the Money Market Development Blueprint (BPPU) 2030 and expanded economic and financial inclusion initiatives including MSMEs and sharia economy and finance. Bank Indonesia also set out institutional transformation priorities across integrated organisational functions and processes, digitalisation through Business Process Re-engineering within the Integrated Digital Central Banking framework, and human resource development.

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