Indonesia is Able to Overcome Crisis Threats, Due to Synergistic Policies

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John believes that the policy mix implemented by the Ministry of Finance and Bank Indonesia’s steps in monetary stabilization are still effective in maintaining the inflation rate and have even been successful in maintaining it at three percent.

This, he continued, is reflected in the implementation of BI’s benchmark interest policy which always targets core inflation control.

Currently, with a reference interest rate of 5.75 percent, BI is targeting core inflation and CPI on target.

Overall, John assesses that the national economy is currently very solid, making it possible to achieve the growth target of around five percent this year.

As another positive note, for a decade, Indonesia has also emerged from the vulnerable economic zone.
So far, Indonesia has been able to enjoy the blessings of commodities as reflected in its trade balance surplus.

“So, this is the result of Mrs Sri Mulyani’s best policy, plus luck from the export side, we need both,” said John.

Previously, the Minister of Finance, Sri Mulyani, said that all authorities in the country were always ready to respond to existing global developments.

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