Open AccessQUARTERLY OUTLOOK ON MONETARY, BANKING, AND PAYMENT SYSTEM IN INDONESIA: QUARTER II, 2016
Author(s) -
TM Arief Machmud,
Syachman Perdymer,
Muslimin Anwar,
Nurkholisoh Ibnu Aman,
Tri Kurnia Ayu K,
Anggita Cinditya Mutiara K,
Illinia Ayudhia Riyadi
Publication year - 2016
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.505
H-Index - 4
ISSN - 1410-8046
DOI - 10.21098/bemp.v19i1.602
Subject(s) - economics , monetary policy , monetary economics , quarter (canadian coin) , stimulus (psychology) , sustainable growth rate , aggregate demand , inflation (cosmology) , fiscal policy , inflation targeting , exchange rate , macroeconomics , finance , psychology , physics , archaeology , theoretical physics , psychotherapist , history
The growth of Indonesian economy on Quarter II, 2016 increased with a well-maintained financial system and macroeconomic stability. Though the growth was not uniform across sectors, the aggregate growth has increased during this quarter, supported by domestic demand, fiscal stimulus, along with monetary policy ease. On the other hand, the macroeconomic stability was well preserved as reflected on inflation within the band target, a better current account deficit, and relatively stable Rupiah’s rate. This stable macroeconomic condition enabled the monetary authority to ease their policy. In the future, the policy coordination between the fiscal and the monetary authority is required, particularly on accelerating the implementation of structural reform, to support a sustainable economic growth.