BI: Domestic Economy Structural Reforms Continue

TEMPO.CO, Jakarta – Central bank Bank Indonesia claimed that structural reform of domestic economy keeps on going, which is marked by consistent implementation of 13 economic policy packages.

BI Deputy Senior Governor BI Mirza Adityaswara stated such a claim in a discussion held in ASEAN-Japan Centre in Tokyo, Jepang, as a response to ample information abroad mentioning that Indonesia fails to pick up factual economic developments.

“Indonesia has strong commitment toward structural reform. It can be seen from the launch of deregulation efforts in the form of 13 economic policy packages,” He added in Jakarta, on Saturday (15/10).

Mirza further said that the implementation of the packages has resulted in sound flow of investment, develops tourism sector, and streghthens monetary policy transmission of benchmark interest rate by means of changing BI rate into “BI 7-Day Repo Rate”. In addition,

BI estimated that such implementation will keep balance deficits low in 2016 and improve economic growth in 2017.

“Monetary and macroprudential policies have been loosened. In the future, there are more opportunities to do such a thing based on the occuring economy dynamics,” He added.