JAKARTA – The Financial System Stability Committee (KSSK) revealed that Indonesia’s financial system stability in the second quarter of 2025 was still maintained amidst global uncertainty that was still high.
This is based on the results of the KSSK Coordination Meeting conducted by the Ministry of Finance (Kemenkeu), Bank Indonesia (BI), the Financial Services Authority (OJK), and the Deposit Insurance Corporation (LPS).
Finance Minister Sri Mulyani Indrawati revealed that the Stability of the Financial System (SSK) in the second quarter of 2025 was maintained amidst global uncertainty such as the United States (US) government tariff policy.
“The financial system stability for the second quarter of 2025 is maintained amidst global uncertainty that is still high. Global conditions are mainly influenced by negotiations on US reciprocal rates and geopolitical and military escalation,” he said at the KSSK Periodic Meeting Results Press Conference in 2025, Monday, July 28.
Sri Mulyani said that financial system resilience in the second quarter of 2025 still needs to be accompanied by vigilance and anticipatory steps in the future.
“We will continue to strengthen the coordination and policies of KSSK member institutions in an effort to mitigate the potential impact of global risk factors and increase efforts to encourage economic growth,” he said.
Furthermore, Sri Mulyani explained that global economic uncertainty in the second quarter of 2025 was still high, due to China’s retaliation of the reciprocal rates imposed by the US, as well as the outbreak of conflicts in the Middle East.
“Both of these things increase uncertainty which results in slowing global economic growth,” he said.
He gave an example, such as China’s economic growth only reached 5.2 percent on an annual basis in the second quarter of 2025, or lower than the previous quarter which was 5.4 percent.
Sri Mulyani added that other developing countries are also experiencing a slowdown, especially due to declining exports to the United States and slowing global trade.
However, he added, India is an exception because it is still recording high growth thanks to the continued entry of investment.
In addition, Sri Mulyani also noted that global uncertainty encourages shifting investor preferences towards safer financial assets, such as assets in Europe, Japan, and gold commodities.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language.
(system supported by DigitalSiber.id)
