Indonesia's COVID-19 Vaccination and Economic Resilience Strategy slide image

Indonesia's COVID-19 Vaccination and Economic Resilience Strategy

Macroprudential Policy remains accommodative in 2023 to increase bank lending to support the national economic recovery, while maintaining financial system stability MACRO-FINANCIAL LINKAGES: OPPORTUNITIES AND CHALLENGES ECONOMIC GROWTH AND INFLATION- PERFORMANCE OF CORPORATE AND HOUSEHOLD MACROPRUDENTIAL POLICY TRILEMMA BALANCED INTERMEDIATION 咽 NORMALIZATION OF FISCAL AND MONETARY POLICY EXCHANGE RATE VOLATILITY AND FOREIGN DEBT INCREASE OF SON YIELD AND MARKED TO MARKET BALANCE SHEET MACROPRUDENTIAL POLICY "Pro Growth" Balanced Intermediation, Sound and Resilience Financial System, Economic-Financial Inclusion TARGET Accomodative Macroprudential Policy Macro systemic surveillance on financial system stability Economic 1 CREDIT GROWTHAT 10-12%, MAINTAINED FINANCIAL SYSTEM STABILITY'S RESILIENCE AGAINST RISKS, AND GROWING MSME Loosening all instrument of macroprudential policy and providing incentive on credit/financing provision to banis Strengthening systemic surveillance on bank resilience against liquidity risks, market risks exchange rate and SBN yield), and credit risk Expanding MSMEs Go Export and Go Digital program, as well as strengthening financial literacy and consumer protection on products under Bank Indonesia's licensing 2 FINANCIAL SYSTEM STABILITY COMMITTEE (KSSK) 1. Strengthening resilience and financial system stability risk's prevention 2. Increasing credit/financing to real sector 3. Financial sector reform BOK MAINTAINED FINANCIAL STABILITY ECONOMIC AND and Financial Inclusion Policy FINANCIAL INCLUSION CREDIT SUPPLY BANK Source: Bank Indonesia 미미미미미 MIR MPLB CCyB RR Incentive Transparency of SBDK LTV & DP CREDIT DEMAND RPIM Policy Synergy ㅁㅁㅁ ㅁㅁㅁ ㅁㅁㅁ FINANCING 130
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