{
    "success": true,
    "data": {
        "id": 1810246,
        "msgid": "bi-sees-stable-growth-despite-100-basis-point-rate-hike-1781779822",
        "date": "2026-06-18 17:00:55",
        "title": "BI sees stable growth despite 100-basis-point rate hike",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Economy",
        "summary": "Bank Indonesia projects economic growth between 4.9 and 5.7 percent this year despite raising its benchmark rate by a cumulative 100 basis points to 5.75 percent. Governor Warjiyo cited strong government spending and expanding construction investment as key growth drivers, while emphasising the need to strengthen exports amid global slowdown risks. The central bank remains committed to an accommodative macroprudential stance to support digital finance and inclusion.",
        "content": "<p>Speaking at an online press conference following the central bank\u2019s\nBoard of Governors Meeting on Thursday, Warjiyo maintained BI\u2019s\nprojection for Indonesia\u2019s economic growth this year in the range of 4.9\npercent to 5.7 percent.<\/p>\n<p>His remarks came after the central bank raised its benchmark interest\nrate by 25 basis points to 5.75 percent, marking its third consecutive\nrate hike.<\/p>\n<p>Bank Indonesia began the year with the benchmark rate at 4.75 percent\nbefore increasing it in May and early June. The latest hike was aimed at\nsafeguarding the rupiah amid global geopolitical uncertainties and\nfinancial market volatility.<\/p>\n<p>He explained that stronger government consumption was driven by the\ncontinued implementation of national priority programs and faster state\nbudget disbursement, particularly the payment of the 13th-month salary\nfor State Civil Apparatus (ASN) employees and the distribution of social\nassistance to Beneficiary Families (KPM).<\/p>\n<p>Looking ahead, the governor said the government would continue\noptimizing various stimulus measures aimed at protecting household\npurchasing power and strengthening domestic demand as a key driver of\neconomic growth.<\/p>\n<p>Meanwhile, rising investment activity is reflected in Indonesia\u2019s\nPurchasing Managers\u2019 Index (PMI), which remains in expansionary\nterritory, supported primarily by construction-related investments in\npublic infrastructure projects.<\/p>\n<p>\u201cOn the external front, exports must continue to be strengthened to\ncapitalize on elevated global commodity prices amid slowing global\neconomic growth prospects,\u201d Warjiyo said.<\/p>\n<p>He reaffirmed Bank Indonesia\u2019s commitment to optimizing its policy\nmix to strengthen economic stability and support sustainable growth. The\nstrategy includes maintaining accommodative macroprudential policies and\nstrengthening payment system frameworks to support digital economic\nactivity and financial inclusion.<\/p>\n<p>Related news: BI hikes rate by 25 bps to stabilize rupiah amid global\ntensions<\/p>\n<p>Related news: IHSG strengthens amid wait-and-see on BI, Fed rates<\/p>\n<p>Translator: Uyu Septiyati Liman, Yashinta Difa<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/bi-sees-stable-growth-despite-100-basis-point-rate-hike-1781779822",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}