VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Mahendra Siregar during a press briefing held by the Commissioners of the Financial Services Authority (OJK) - 

Voinews, Jakarta - Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar said that the stability of the national financial services sector is well maintained, supported by strong capital, adequate liquidity, maintained risk profile, so that it is expected to be able to face the potential slowdown in global economic growth.

Mahendra at the Services Sector Assessment Press Conference OJK Finance and Policy Results of the December 2023 Monthly Board of Commissioners (RDK) Meeting which was held virtually in Jakarta on Tuesday explained, Economic indicators show moderation in economic growth in several countries, especially in the European Union and China. 
 
"Slowing economic growth pushed inflation down closer to the inflation target, thereby providing room for the central bank to be more accommodative. In the US, the Fed indicated that it would reduce the policy interest rate by 75 bps in 2024 with the market assessing that the US economy is still quite resilient and is not expected to experience a recession", Mahendra Siregar said. 
 
According to Mahendra, the market is still paying close attention to future geopolitical developments, such as the escalation of tensions in the Red Sea as a result of the Palestine-Israel conflict, as well as the holding of general elections covering 50 percent of the world's population, especially in several major countries such as the US, European Union, India and Taiwan.

He added that, in general, sentiment on global financial markets tends to be positive in December 2023//VOI