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Friday, 01 May 2020 14:39

Stability of financial services sector maintained until April: OJK

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Indonesia’s Financial Services Authority or OJK has found the financial services sector stable as of April, 2020, indicated by the intermediation of the sector which posted positive performance, and its industry risk profile remaining under control. The OJK has continued to monitor the stability of Indonesia's financial services sector amid the COVID-19 pandemic, which, until April, has been reported to be in awake condition.Economic data shows that the COVID-19 pandemic has put significant pressure on the global economy. Deputy commissioner for Public Relations and OJK Logistics, Anto Prabowo, as quoted by Antara said, through a number of anticipatory (pre-emptive) policies and forward looking assessments, which are reflected in financial, fiscal, and monetary sector stimulus, Indonesia has been able to control volatility in the financial markets, which had risen sharply, with the increase in the spread of COVID-19//Ant

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