Bank Indonesia Policy Mix
Outlook of Domestic Economy Remains Robust
...domestic economic growth is predicted to rebound in 2021
2021 Economic Outlook
• Bank Indonesia projects economic growth in 2021 at the range 3.5-4.3%.
• Bank Indonesia projects Inflation in 2021 and 2022 to remain under control and within the 3.0%±1% target corridor.
• Bank Indonesia projects a lower current account deficit in the 0.0-0.8% of GDP range in 2021 and a manageable current
account deficit in 2022.
• Bank Indonesia projects credit growth in 2021 will be around 4.0-6.0%
LOAN
π
Rp
Economic Growth
Inflation
CAD (% of GDP)
Credit Growth
2018
Realisation
5.17%
3.13%
2.98%
11.75%
2019
5.02%
2.72%
2.71%
6.08%
Realisation
2020
-2.07%
1.68%
0.4%
-2.4%
Realisation
2021
3.5-4.3%
3.0±1%
0.0-0.8%
4.0-6.0%
Source Bank Indonesia
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