Sri Mulyani & BI Bosses Gather Together with Banking, Is the Condition Critical? News – 6 hours ago

Jakarta, CNBC Indonesia – Minister of Finance Sri Mulyani together with the Governor of Bank Indonesia Perry Warjiyo have gathered banks to discuss the current dynamics of the economy, which is under pressure due to the trend of high interest rates.

“As fiscal and monetary managers, we discuss with banks regarding the current economic challenges and environment,” said Sri Mulyani, quoted from the Instagram account @smindrawati, Friday (27/10/2023).

Sri Mulyani said that during the meeting the discussion focused on the issue of economic risks and global uncertainty due to high interest rate trends, such as the dynamics experienced by the United States in less than 14 months experiencing an increase in interest rates of 500 basis points.

Apart from that, geopolitical conflicts are also in the spotlight of discussion. According to Sri Mulyani, this global risk and uncertainty has the potential to affect the exchange rate, inflation and economic growth in Indonesia because the volatility of financial market turmoil has an impact on the real sector.

“This situation is something that needs to be watched out for together. One thing I emphasize, I hope that banks will participate in maintaining stability in the financial sector. Be careful and see for sure any risks that might occur,” said Sri Mulyani.

“Every policy taken is aimed at maintaining the good condition of the Indonesian economy, recovering from the pandemic, and remaining well maintained,” he stressed.

Photo: Minister of Finance Sri Mulyani Indrawati and Governor of Bank Indonesia (BI) Perry Warjiyo holding a meeting to discuss banking challenges and the current economic environment. (Instagram @smindrawati)

He ensured that the Ministry of Finance and Bank Indonesia would continue to control economic conditions and the domestic financial system by responding to global dynamics from abroad and within the country.

On the other hand, the Ministry of Finance and Bank Indonesia will also continue to take various steps to maintain the momentum of Indonesia’s economic growth so that it is not disrupted. “With good cooperation between the Ministry of Finance, Bank Indonesia and banks, we are trying to overcome the problem by minimizing costs or other consequences,” said Sri Mulyani.

[Gambas:Video CNBC]

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