Indonesia Financial Services Authority published the outcome of the Financial System Stability Committee's second regular meeting of 2026, which assessed Indonesia's fiscal, monetary and financial system conditions as remaining stable in the first quarter despite heightened global market volatility linked to the conflict in the Middle East. Growth was reported at 5.61% year on year in the first quarter, while April consumer inflation eased to 2.42% year on year within the 2.5±1% target range. The committee said coordinated forward-looking monitoring and mitigation will continue as external risks persist. Bank Indonesia kept its policy rate at 4.75% through February to April, intensified foreign exchange intervention, and tightened some FX transaction and reporting thresholds from April. OJK reported bank credit growth of 9.49% year on year in March, gross non-performing loans of 2.1%, and a capital adequacy ratio of 25.09%, while setting out key regulatory actions including eight capital market reform action plans and completion of transparency measures covering disclosure of shareholdings above 1%, a 15% minimum free float, high shareholding concentration announcements, more granular ownership data, and ultimate beneficial owner reporting for holdings of 10% or more. Further measures included limiting SLIK reporting to loans and financing above IDR 1 million, shortening loan-settlement status updates to no later than H+3 to support housing and MSME financing, maintaining special treatment for disaster-affected debtors in Aceh, North Sumatra and West Sumatra for three years from 10 December 2025, and issuing a 2026 to 2031 bullion business and ecosystem roadmap together with rules for gold-backed exchange-traded funds. The committee said it will hold its next regular meeting in July 2026. Government, Bank Indonesia, OJK and the Indonesia Deposit Insurance Corporation also said they will continue finalising implementing rules under the P2SK Law.
OJK 2026-05-07
Indonesia Financial Services Authority publishes Financial System Stability Committee assessment finding financial stability held in first quarter 2026 and detailing capital market and credit data measures
The Indonesia Financial Services Authority reported that the Financial System Stability Committee judged Indonesia’s fiscal, monetary and financial conditions to be stable in the first quarter of 2026 despite global volatility, with GDP growth of 5.61% year on year and April inflation at 2.42% within target. Bank Indonesia kept its policy rate at 4.75% and tightened some foreign exchange thresholds. OJK highlighted solid banking indicators and announced capital market transparency measures, including enhanced shareholding disclosures, a 15% minimum free float and ultimate beneficial owner reporting for holdings of 10% or more. Authorities also adjusted credit reporting thresholds, extended special treatment for disaster-affected debtors, issued a 2026–2031 bullion ecosystem roadmap with rules for gold-backed exchange-traded funds, and continue to finalise implementing rules under the P2SK Law.