​The financial system stability was maintained in the first semester of 2023, supported by the consistency, innovation, and synergy of Bank Indonesia's policy mix as part of the national policy mix. In addition, the domestic economy was maintained against a backdrop of higher for longer interest rates globally. Bank Indonesia has consistently set a policy mix in 2023 that is directed at maintaining stability (pro-stability) through monetary policy and promoting economic growth (pro-growth) through macroprudential policy. This was further bolstered by payment system policy, money market deepening, a green and inclusive economy-finance as well as various structural policies oriented towards strengthening the foundations of the economy and financial system. On the other hand, the world economy faced polarisation in the sources of growth and global FSS risk remained high. In the midst of these challenges, national economic growth in Indonesia quickly rebounded to track an upward trend in the first semester of 2023 after experiencing slight moderation in the fourth quarter of 2022. Economic growth in the first quarter of 2023 was recorded at 5.04% before accelerating to 5.17% in the second quarter of 2023. This was supported by economic financing disbursed by the banking industry, capital market and non-bank financial industry (NBFI).  

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