Jakarta – Bank Indonesia (BI) predicts that Indonesia’s economic growth in 2022 will reach 4.7-5.5%, from 3.2-4.0% in 2021, driven by the continued improvement in the global economy which has an impact on export performance. remained strong, as well as increasing domestic demand from rising consumption and investment.
This is supported by vaccinations, the opening of the economic sector, and policy stimulus. “The close policy synergy and economic performance in 2021 are capital to be more upbeat and optimistic about a better Indonesian economic recovery in 2022. Strengthening synergies and innovation is aimed at creating mass immunity from the Covid-19 pandemic and reopening priority economic sectors, encouraging economic recovery in the short term through policies to increase demand, as well as strengthening higher growth in the medium term through structural reform policies,” said BI Governor, Perry Warjiyo, at the 2021 Bank Indonesia Annual Meeting (PTBI) which was held on a hybrid basis (online and online). offline) today (24/11).
The President of the Republic of Indonesia, Joko Widodo, on this occasion expressed his appreciation for the synergy and communication that is intense and good between the ranks of authorities, both between BI, OJK, LPS, and the Government, in this case the Ministry of Finance.
This is key in managing the impact of the Covid 19 delta variant on the national economy in 2021, so that every small problem can be resolved. In the future, the President of the Republic of Indonesia also encourages the development of a green economy and strengthens economic digitization, especially MSMEs. BI’s policy mix response in synergy with national economic policies will continue to oversee the economy in 2022.
Low and controlled inflation at the target of 3±1% in 2022, supported by an increase in national production capacity through increased efficiency and productivity in meeting rising aggregate demand in the domestic market. economy. The current account deficit is low, in the range of 1.1-1.9% in 2022. Financial system stability is maintained, capital adequacy is high, and liquidity is abundant. Third Party Funds and credit will grow 7.0-9.0% and 6.0-8.0% in 2022.
The digital-finance economy will grow rapidly. In 2022, the value of e-commerce transactions is predicted to reach IDR 530 trillion, electronic money IDR 337 trillion, and digital banking more than IDR 48 thousand trillion. BI’s policy mix in 2022 will continue to be synergized and as part of the direction of national economic policy to accelerate recovery while maintaining economic stability. The policy mix includes 5 policy instruments, namely:
Monetary policy In line with the risk of increasing global financial market instability pressures from the normalization of monetary policy by the Fed and a number of Advanced Economies (AEs), BI monetary policy in 2022 will be more directed at maintaining pro-stability, both achieving inflation targets and exchange rate stability. , as well as macroeconomic and financial system stability. Normalization of monetary policy will be carried out in a very careful and measured manner so as not to disrupt the national economic recovery process.
Meanwhile, 4 other policy instruments in 2022 will continue to be directed towards and as part of a joint effort to accelerate national economic recovery (pro-growth), namely: Macroprudential policy The loose macroprudential policy will continue and even be expanded to encourage credit and banking financing in priority sectors and MSMEs in order to accelerate the national economic recovery, while maintaining financial system stability and developing a green economy and finance.
Anang Fadhilah
