A recently launched Online Single Submission (OSS) policy, now managed by the Indonesian Ministry of Finance and Bank Indonesia (BI), is consistently committed to, and focused on, a short-term policy of strengthening economic stability, primarily the stability of the country's foreign exchange rate.

As a result, BI is ready to adopt further policies which are pre-emptive, front loading, and ahead of the curve in facing any new direction of the Federal Reserve and European Central Bank (ECB) policies.

In a statement, BI Governor Perry Warjiyo said that further policies may take the form of increasing interest rates with the relaxation of Loan-to-Value (LTV) policy to boost the housing sector. In addition, double intervention, easing liquidity, and intensive communication will continue.

BI, the Government, and the Financial Services Authority of Indonesia (OJK) are coordinating closely to strengthen stability and boost growth.

BI believes that Indonesia’s economy, primarily the financial asset market, will remain robust and attractive to domestic and foreign investors. With continued investment, it is also expected that economic stability will be maintained and economic growth will increase.

Source: Bank Indonesia

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