Quarterly Outlook on Monetary, Banking, and Payment System in Indonesia: Quarter Iv-2015

Abstract

Indonesia ‘s economy in the fourth quarter 2015 was marked by maintained macroeconomic and financial system stability, with a starting economic growth momentum. Macroeconomic stability reflected by lower inflationary pressures, a current account deficit in a healthy level, and manageable pressure on Rupiah. The stability of the financial system remains solid, underpinned by the resilience of the banking system and the relatively stong financial market performance. As the third quarter of 2015, economic growth in the fourth quarter 2015 increased mainly driven by government spending. Looking ahead, economic growth is expected to be higher, with the support of fiscal stimulus, particularly a faster implementation of infrastructure projects, and also with the increase of private investment