Rancak Media – , JAKARTA — The business community has warmly welcomed Bank Indonesia’s (BI) 2026 monetary policy direction. This policy framework, characterized by a pro-stability and pro-growth stance, is perceived as a promising roadmap that will foster investment certainty and sustain business expansion amidst prevailing global challenges.
Sarman Simanjorang, Head of Inter-Institutional Relations at the Indonesian Employers’ Association (Apindo), elaborated that the specified monetary policy direction is poised to significantly drive national economic growth and cultivate a more conducive investment climate.
“We wholeheartedly welcome and highly appreciate the monetary policy direction set by Bank Indonesia for 2026,” Sarman Simanjorang stated when contacted by Bisnis on Friday, November 28, 2025.
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According to Sarman, the persistent global economic challenges, still overshadowed by uncertainty, undeniably necessitate a monetary policy that is both flexible and sharply focused. This approach is deemed crucial for navigating complex market dynamics effectively.
Furthermore, Sarman emphasized that the element of stability forms the cornerstone of entrepreneurial optimism. He noted that measured inflation control and the stabilization of the rupiah’s exchange rate are essential pillars in safeguarding the competitiveness of domestic products on the global stage.
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Sarman further expressed his hope that the future implementation of this policy will not solely concentrate on interest rate instruments but will also optimize macroprudential instruments to ensure ample liquidity within the banking sector. This holistic approach is critical for broader economic impact.
“We hope that BI’s monetary policy will also empower banks to more actively channel productive credit. The pro-growth signal from BI must translate into affordable credit expansion for the real sector, particularly micro, small, and medium enterprises (MSMEs) and labor-intensive industries,” he added, highlighting the need for targeted support.
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Echoing these sentiments, Anggawira, Secretary-General of BPP Hipmi (Indonesian Young Entrepreneurs Association), affirmed that the policy framework articulated by the BI Governor during the Bank Indonesia Annual Meeting (PTBI) is a timely and appropriate strategy given the unpredictable nature of global dynamics.
Business players are keenly awaiting BI’s plan to carefully assess potential reductions in the BI-Rate and to encourage a more pro-market expansion of liquidity. These initiatives are seen as vital for stimulating economic activity.
“The potential for a BI-Rate reduction and accommodative liquidity serve as a breath of fresh air for the real sector. For businesses, especially young entrepreneurs, this is expected to lower the cost of fund, improve cash flow, and broaden access to productive financing,” Anggawira elaborated, outlining the anticipated benefits.
Angga specifically noted that the disbursement of productive financing must be strategically directed towards sectors possessing a high multiplier effect. This includes crucial areas such as labor-intensive industries, manufacturing, and MSMEs, which are vital for widespread economic benefit.
“Liquidity easing truly needs to drive productive credit; it cannot merely circulate within the financial sector. The effectiveness of this transmission is key to ensuring monetary stimulus reaches the ground level,” he emphasized, underscoring the importance of practical impact.
In line with a more supportive monetary policy, Hipmi projects that Indonesia’s investment climate in 2026 holds significant potential for improvement. More competitive interest rates are widely believed to boost business expansion interest and attract new investments across diverse sectors, ranging from natural resource downstreaming and energy to the burgeoning digital economy.
Earlier, Bank Indonesia (BI) Governor Perry Warjiyo affirmed that the 2026 monetary policy direction would continue to prioritize a balanced approach between stability and growth. This declaration was made by Perry at the Bank Indonesia Annual Meeting (PTBI) 2025 in Jakarta, on Friday, November 28, 2025.
“In 2026, with global uncertainty remaining high, monetary policy will maintain a balance between stability and growth, specifically being pro-stability and pro-growth,” he conveyed to all attendees at the event.
Perry further explained that four other BI policy mixes for the upcoming year would be oriented towards growth, or pro-growth. According to the presented materials, economic growth is projected to range between 4.9% and 5.7% in 2026, and between 5.1% and 5.9% in 2027, signaling a positive trajectory.
To bolster the upcoming monetary policy direction, Perry outlined several proactive steps BI intends to undertake. These measures include stringent inflation control, carefully monitoring potential reductions in the benchmark interest rate, stabilizing the rupiah’s exchange rate against global volatility through NDF interventions in overseas markets, and conducting spot interventions in NDF along with purchasing government bonds (SBN) in the domestic secondary market.
Summary
The business community, through organizations like Apindo and Hipmi, has warmly welcomed Bank Indonesia’s 2026 monetary policy direction, characterized as pro-stability and pro-growth. This framework is seen as crucial for fostering investment certainty, sustaining business expansion, and driving national economic growth amidst global challenges. Entrepreneurs anticipate flexible policies that ensure stable inflation and rupiah exchange rates, along with optimized macroprudential instruments to channel productive credit, particularly for micro, small, and medium enterprises (MSMEs) and labor-intensive industries.
BI Governor Perry Warjiyo confirmed this balanced approach, projecting economic growth between 4.9% and 5.7% in 2026. To achieve this, BI plans stringent inflation control, careful assessment of benchmark interest rate reductions, rupiah exchange rate stabilization through interventions, and government bond purchases. Businesses specifically hope that liquidity easing will lower the cost of funds and stimulate economic activity in high-multiplier sectors.
