Jakarta – Chairman of the Indonesian Chamber of Commerce and Industry (Kadin Indonesia), Anindya Novyan Bakrie, welcomed the measures taken by Bank Indonesia (BI) to maintain national economic stability. According to Anindya, commonly known as Anin, close communication between regulators and the business community is key to addressing global economic challenges.

“We are optimistic that we can get through this situation. Signs of improvement are already beginning to emerge. The interest rate hikes implemented by BI (Bank Indonesia) are intended to maintain stability, and we appreciate those measures,” Anin said during the Discussion Forum on Recent Economic Developments and Bank Indonesia’s Current Policy Mix at the Bank Indonesia Building on Thursday evening (June 18, 2026).

Anin emphasized that Kadin is ready to strengthen its synergy with BI down to the regional level. As the umbrella organization representing the entire Indonesian business community through its network of Kadin chapters in 514 regencies and municipalities, as well as various business associations, Kadin is prepared to support the government’s agenda of increasing investment, exports, downstream industrialization, and MSME development.

According to Anin, businesses are currently striving to boost exports in order to expand the trade surplus and increase foreign exchange earnings. At the same time, Kadin is encouraging greater inflows of Foreign Direct Investment (FDI) to strengthen the nation’s industrial capacity.

“We remain optimistic. The challenges are significant, but so are the opportunities. With strong synergy among the government, BI, the banking sector, and the business community, Indonesia has sufficient capital to maintain stability while accelerating economic growth,” Anin stated.

Meanwhile, Bank Indonesia Governor Perry Warjiyo reaffirmed BI’s commitment to working tirelessly to safeguard economic stability while promoting national growth amid persistent global uncertainty. Together with the government and all stakeholders, BI is ensuring that all policy instruments are directed toward maintaining the rupiah exchange rate, controlling inflation, strengthening the financial system, and supporting business expansion.

“We hope that after this meeting, everyone leaves this room with optimism that Indonesia’s economy will continue to grow, the rupiah will strengthen, inflation will remain under control, and credit growth will continue to increase,” Perry said.

Perry stressed that BI will deploy all available policy instruments to maintain national economic stability and support the growth agenda and various programs of President Prabowo Subianto.

“Our message is simple. First, remain optimistic. Second, BI is going all out to maintain stability and promote economic growth. Third, we will continue strengthening coordination with the government, the Ministry of Finance, and the Financial System Stability Committee (KSSK),” Perry stated.

According to Perry, BI has consistently adopted a pro-business approach, not only toward the financial and banking industries but also toward the real sector. Supported by 46 representative offices across Indonesia, BI is prepared to strengthen its partnership with Kadin at the regional level to drive investment, exports, manufacturing, and MSME development.

Perry noted that BI fully supports the government’s priority programs, including industrial downstreaming, investment promotion, MSME development, and the people’s economy. At the same time, however, BI must ensure that macroeconomic stability is preserved so that development achievements are not disrupted by global volatility.

“We fully support the President’s policy direction. When external pressures and financial market volatility arise, BI’s responsibility is to ensure stability so that the economic progress that has been achieved is not eroded,” he emphasized.

Global Uncertainty

Firman Mochtar, Executive Director and Head of BI’s Economic and Monetary Policy Department, explained that the global economy continues to face high uncertainty despite the temporary ceasefire agreement reached between the United States and Iran on June 14, 2026.

Global logistics disruptions, geopolitical tensions, and persistently high prices of several strategic commodities are expected to weigh on global economic growth. BI projects global economic growth to slow to around 3.0% in 2026 from 3.4% the previous year, while global inflation is forecast to rise to 4.4%.

These conditions have prompted major central banks to maintain tight monetary policies. The hawkish stance of leading central banks, particularly the U.S. Federal Reserve, has strengthened the U.S. dollar and encouraged capital outflows from emerging markets to advanced economies.

“These external pressures present challenges for all emerging markets, including Indonesia,” Firman said.

Nevertheless, Firman believes Indonesia’s economic fundamentals remain strong. Household consumption remains resilient, government fiscal stimulus continues to support the economy, business confidence remains in expansionary territory, and investment continues to grow. BI projects Indonesia’s economic growth this year to range between 4.9% and 5.7%.

Foreign Capital Begins to Return

To mitigate external pressures, BI has strengthened its monetary policy mix since May 2026. After raising the BI Rate by 50 basis points in May and by an unscheduled 25 basis points on June 9, BI raised its benchmark interest rate by another 25 basis points during the June Board of Governors Meeting, bringing the rate to 5.75%.

In addition, BI has intensified foreign exchange market interventions, increased yields on Bank Indonesia Rupiah Securities (SRBI), expanded monetary operations, and introduced various incentives to attract foreign capital inflows into domestic financial markets.

“The policies we have implemented are beginning to show positive results. Foreign capital inflows into SRBI and government securities have started to increase, the rupiah has strengthened, and foreign exchange reserves remain robust,” Firman said.

Inflation also remains under control. In May 2026, annual inflation stood at 3.08%, still within BI’s target range of 2.5% ±1%.

Double-Digit Credit Growth

On the growth front, BI continues to maintain an accommodative macroprudential policy stance. Bank lending growth through May 2026 reached approximately 11.5% year-on-year, driven by investment financing and the government’s productive programs.

To accelerate banking intermediation, BI has continued expanding incentives under its Macroprudential Liquidity Incentive Policy (KLM), which had reached approximately IDR 418 trillion as of June 2026. These incentives are provided to banks that channel financing to priority sectors such as downstream industries, MSMEs, food security, housing, and the green economy.

BI has also enhanced flexibility in banking liquidity management and increased the ceiling for the Foreign Funding Ratio to broaden financing sources for productive sectors.

Also present at the event were members of Kadin Indonesia’s leadership, including Coordinating Vice Chairman for Organization, Communication, and Regional Empowerment (OKP) Erwin Aksa; Coordinating Vice Chairman for Food Affairs Mulyadi Jayabaya; Coordinating Vice Chairman for Export Development Juan Permata Adoe; and Coordinating Vice Chairman for Law, Human Rights, and Infrastructure M. Azis Syamsuddin.