The annual meeting of Bank Indonesia, held on November 29, 2024, underscored the critical role of cooperation in strengthening national economic stability and driving transformation. The theme of the event, Sinergi Memperkuat Stabilitas dan Transformasi Ekonomi Nasional (Synergy to Strengthen Stability and National Economic Transformation), reflects the importance of collaboration across institutions in ensuring a sustainable and resilient economy.

President of the Republic of Indonesia, Prabowo Subianto, addressed the gathering, emphasizing the need for joint efforts from all sectors. He praised the ongoing collaboration between Bank Indonesia, the Ministry of Finance, and the Financial Services Authority (OJK) in maintaining the stability of the nation's economy. He urged stakeholders to continue working together to safeguard the sovereignty of Indonesia's currency and strengthen its economic transformation.

In his remarks, Perry Warjiyo, Governor of Bank Indonesia, expressed optimism about the country's economic future while acknowledging the increasing global challenges. Bank Indonesia projects that Indonesia's economic growth will remain strong, with estimates ranging between 4.8% and 5.6% in 2025. This growth will be driven by robust private consumption, investments, and exports. Additionally, inflation is expected to remain within the target range of 2.5±1% in 2025 and 2026, supported by consistent monetary policies and national inflation control programs. However, the global landscape presents several challenges, including a slowdown in global economic growth, sluggish global inflation reduction, high interest rates in developed economies, a strong U.S. dollar, and capital flight from emerging markets.

Bank Indonesia’s strategy moving forward focuses on five key policy areas: macroeconomic stability and financial systems, domestic growth through increased consumption and investment, productivity and economic capacity improvements, deepening financial markets to support national economic financing, and accelerating digital payment systems and the national digital economy. As part of this strategy, Bank Indonesia launched the Blueprint for Deepening Money and Foreign Exchange Markets (BPPU) 2025-2030, which aims to modernize and advance Indonesia’s financial markets.

The bank’s 2025 policies will continue to emphasize stability while fostering sustainable economic growth in synergy with national economic policies. Key areas of focus will include maintaining inflation targets and the stability of the rupiah, while also creating space for growth. Additionally, Bank Indonesia will maintain an accommodative macroprudential policy to support the economy and the stability of the financial system. Other initiatives include digital payment system modernization, liquidity support for priority sectors, and strengthening surveillance to ensure financial system stability.

In line with these initiatives, Bank Indonesia will continue to enhance its role in promoting inclusive and green economic finance, supporting sustainable growth, and controlling inflation. This will also include an expanded focus on Islamic finance, which is increasingly seen as a source of new growth opportunities.

The 2024 meeting also featured the BI Award 2024, which recognized 51 strategic partners contributing to monetary stability, payment systems, and the development of small businesses and Islamic finance. The award highlights the synergies between Bank Indonesia and its partners in strengthening the national economy.

The Pertemuan Tahunan Bank Indonesia (PTBI) serves as a key forum where Bank Indonesia outlines its views on the current economic climate, challenges, and future policy directions. This strategic event is attended by top officials, including the President of Indonesia, cabinet members, leaders from the financial sector, and key industry players, with broader public engagement through live broadcasts.