Indonesia Maintains Financial System Stability, Says Minister Purbaya

Indonesia Maintains Financial System Stability, Says Minister Purbaya

Reporter

May 7, 2026 | 06:33 pm

TEMPO.CO, Jakarta - Finance Minister Purbaya Yudhi Sadewa said Indonesia maintained financial system stability amid increasingly volatile global financial markets triggered by the escalation of the conflict in the Middle East.

This conclusion is the result of the second periodic meeting of the Financial System Stability Committee (KSSK) which took place on Monday, April 27, 2026.

Purbaya said that the dynamics of conflict resolution in the Middle East continue to be the main trigger of global financial market volatility.

“Based on these developments, the KSSK consisting of the Finance Minister, the Bank Indonesia Governor, the Chair of the Financial Services Authority, and the Chair of the Deposit Insurance Corporation, will continue to monitor and conduct a forward-looking assessment of the current economic and financial sector performance, in line with the increased risk of global economic uncertainty,” said Purbaya in a press conference following the periodic KSSK meeting in Jakarta, Thursday, May 7, 2026.

Meanwhile, domestically, Purbaya highlighted the 5.61 percent economic growth in the first quarter of 2026. Despite this, he said that the KSSK will remain alert to the constraints and macroeconomic conditions in the second quarter.

Additionally, Purbaya said President Prabowo Subianto has formed a task force to accelerate government programs to support economic growth in order to improve the investment climate. The government also introduced a debottlenecking handling channel to address licensing obstacles.

The former Chair of the Deposit Insurance Corporation Board of Commissioners mentioned that the government will continue to leverage State Budget as a shock absorber against oil price fluctuations. “We will do the same in the second quarter and until the end of the year to ensure that domestic demand remains stable and our economy can continue to grow well,” said Purbaya.

Read: Purbaya to Launch Bond Stabilization Fund, What Is It?

Click here to get the latest news updates from Tempo on Google News