Open AccessQUARTERLY OUTLOOK ON MONETARY, BANKING, AND PAYMENT SYSTEM IN INDONESIA: QUARTER III, 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.v19i2.626
Subject(s) - economics , monetary policy , exchange rate , stimulus (psychology) , inflation (cosmology) , quarter (canadian coin) , sustainable growth rate , monetary economics , interest rate , indonesian , economic policy , finance , psychology , linguistics , philosophy , physics , archaeology , theoretical physics , psychotherapist , history
The growth of Indonesian economy on Quarter III, 2016 recorded positive growth with a wellmaintained financial system and macroeconomic stability. The economy grew moderately supported by remaining strong domestic demand amidst the slow recovery of the global economy. The economic stability is also good reflected on the low inflation, decreasing current account deficit, and relatively stable exchange rate. An increase of domestic economy and lower global financial risk enable monetary ease on Quarter III, 2016. Furthermore, the reduction of interest rate policy is well transmitted and is expected to strengthen the growth momentum of the economy. Looking forward, Bank Indonesia will keep strengthening his policy mix and macroprudential, and his coordination with the government to ensure the inflation control, greater stimulus for growth, and the implementation of structural reform run on the right track, and hence preserve the sustainable economic development.