No: 27/285/DKom
Indonesia maintained solid economic resilience throughout 2025 amid global economic and geopolitical turmoil. This positive milestone was the result of collective efforts nationally, underpinned by fiscal and monetary policy synergy, which enabled simultaneous growth and stability. Appreciation goes to Bank Indonesia for unrelenting efforts to safeguard economic stability and nurture growth in synergy with various national economic stakeholders. Synergy and cooperation have created tangible outcomes and milestones to be proud of. We must believe in our own strengths and not depend on other countries. We must complement each other and help each other because now is the time to provide quick solutions for the community. Policies must be formulated with composure and implemented with confidence, with relentless determination to stand on our own two feet. That was the key takeaway of the remarks made by the President of the Republic of Indonesia, Prabowo Subianto, at the Bank Indonesia Annual Meeting (PTBI) 2025, which took place this evening at the Bank Indonesia in Jakarta (28/11/25), which also conveyed appreciation and support for the theme, “Strong and Self-Reliant: Synergy to Foster Higher and Resilient Economic Growth".
The Governor of Bank Indonesia, Perry Warjiyo, took the opportunity to convey an optimistic economic outlook for Indonesia, characterised by stronger and more resilient growth, while remaining vigilant of persistently high global uncertainty. Bank Indonesia projects economic growth in 2025 will range between 4.7–5.5%, rising further to 4.9–5.7% in 2026 and 5.1–5.9%in 2027, respectively, supported by increasing consumption and investment, as well as solid export performance despite global economic moderation. Inflation will remain under control and within the target corridor of 2.5%±1% in 2026 and 2027, supported by monetary policy consistency, fiscal policy, close inflation control synergy centrally and regionally, as well as stronger implementation of the National Food Security Program. External and financial system stability have been maintained, accompanied by rapid digitalisation. Moving forward, five global challenges will continue to demand vigilance, namely the implementation of US reciprocal tariffs, ongoing global economic moderation, high government debt and interest rates in advanced economies, widespread vulnerabilities and risks in the international financial system as well as the rapid development of cryptocurrencies and stablecoins in the private sector.
Synergy is a prerequisite for strengthening national economic transformation towards faster and more resilient growth. Policy synergy must be strengthened in the face of more complex challenges in five critical areas, namely: (i) strengthening macroeconomic and financial system stability, (ii) accelerating more resilient growth, (iii) increasing financial market and economic financing, (iv) accelerating national economic-financial digitalisation, and (v) strengthening bilateral and regional economic cooperation.
Real sector transformation policy synergy to increase capital, labour and productivity is required to accelerate more resilient growth. Real sector transformation policy is instituted through industrial policy and structural reform policy, which are mutually complementary. Industrial policy is oriented towards increasing value-added production in national priority sectors, including the downstreaming of natural resources, as well as the technology industry and labour-intensive industries. Meanwhile, structural policy is directed towards improving a more conducive investment climate, fostering healthy competition, strengthening infrastructure connectivity, as well as bolstering trade and investment policies, which includes special economic zones (KEK) as hubs of growth.
The Bank Indonesia policy mix in 2026 will remain oriented towards driving economic growth, while maintaining stability in close synergy with the national economic policy mix. Monetary policy in 2026 will maintain stability (pro-stability), while utilising room to accelerate economic growth (pro-growth). Meanwhile, macroprudential policy and payment system policy in 2026 will remain oriented towards accelerating growth (pro-growth). The monetary, macroprudential and payment system policy mix will also be supported by accelerating money market and foreign exchange market (PUVA) deepening in accordance with the Money Market and the Money Market Development Blueprint (BPPU) 2030 to strengthen effective monetary policy transmission, develop modern and world-class secondary markets, as well as expand economic financing instruments. Furthermore, economic and financial inclusion, including micro, small and medium enterprises (MSMEs) as well as the sharia economy and finance, will be expanded.
Bank Indonesia will also strengthen institutional transformation with a focus on 3 major pillars, namely strengthening integrated organisational functions and work processes, accelerating policy and institutional digitalisation by refining Business Process Re-engineering (BPR) within the Integrated Digital Central Banking (IDCB) framework, while bolstering human resources through leadership development, nurturing new capabilities and strengthening the Employee Value Proposition. In line with ongoing transformation efforts, Bank Indonesia in 2025 received 10 international awards, thereby strengthening Bank Indonesia's robust reputation as one of the foremost central banks in Emerging Markets and Developing Economies (EMDEs).
The Bank Indonesia Annual Meeting 2025 was held in conjunction with the TPID Award, TP2DD Championship and BI Award 2025. The TPID Award was awarded to the best Central and Regional Inflation Control Team (TPID) and the Regional Digitalization Acceleration and Expansion Task Force (TP2DD) that successfully accelerated regional financial digitalisation. Meanwhile, the BI Award was presented as a form of appreciation by Bank Indonesia, as the monetary, financial system and payment system authority, to 47 strategic partners. Bank Indonesia also presented 3 Special Awards as recognition for strategic partners in terms of maintaining nationalism and sovereignty in the Republic of Indonesia, while supporting the Government's Asta Cita program. The list of awardees is presented in the Appendix.
The Bank Indonesia Annual Meeting is a strategic forum held regularly at the end of each year to present Bank Indonesia's views on the current state of the economy, as well as the challenges, outlook and direction of Bank Indonesia's policy mix, and to receive instructions from the President of the Republic of Indonesia. In 2025, PTBI was attended by the President of the Republic of Indonesia, Prabowo Subianto, leaders and members of the MPR, DPR and DPD, heads of state institutions, ambassadors, Merah Putih cabinet ministers, the chairs of OJK and LPS as well as other relevant institutions, regional heads, leaders of the banking industry and corporate sector, academics, leaders of the national mass media and representatives of several international organisations. Members of the public could also follow the event, which was broadcast live via Bank Indonesia's social media channels as well as at Bank Indonesia Representative Offices throughout Indonesia and abroad.
The full speech and presentation by the Governor of Bank Indonesia can be accessed via the following link.
Jakarta, 28th November 2025
Communication Department
Ramdan Denny Prakoso
Executive Director
