KSSK: Indonesia’s Financial Stability in the Third Quarter of 2024 Will Remain Maintained”/>
The Financial System Stability Committee (KSSK) stated that the stability of the Indonesian financial system in the third quarter of 2024 will remain maintained amidst the challenges and dynamics of the global financial market. This assessment is the result of the IV 2024 KSSK coordination meeting consisting of the Ministry of Finance (Kemenkeu), Bank Indonesia (BI), the Financial Services Authority (OJK), and the Deposit Insurance Corporation (LPS).
“Financial system stability in the third quarter of 2024 will remain maintained. “This is in line with the easing of pressure on global financial markets after the easing of monetary policy by various major countries such as the United States (US) and Europe,” said Minister of Finance Sri Mulyani Indrawati during the KSSK press conference held at the BI Building, Friday (18/10) .
However, Sri Mulyani, who is also the Chair of the KSSK, reminded that entering the fourth quarter of 2024, the dynamics of the economy and financial markets need to be anticipated along with the escalation of geopolitical turmoil in the Middle East region. Responding to this, he emphasized that KSSK continues to agree to improve coordination and synergy between the four KSSK institutions.
Therefore, KSSK will continue to increase vigilance amidst various risks both from the domestic side and from global risks which are considered to be still very dynamic.
“The risks are mainly external and the potential for a slowdown in the economy and stability of the domestic financial sector,” he concluded. (Z-11)
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