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Perspective Indonesia In the third quarter of 2026 showed solid resistance in the midst of global geopolitical uncertainty and financial market fluctuations. The national Domestic Growth of Buto (GDP) was successfully kept firmly in range 5.29% to 5.45% At the first half of the year, he's one of the most residential regionals.

To the Powerful Domestic Foundation

The national economy is now strongly supported by household consumption which remains stable and grows solid banking credit in range 13%. Internal manufacturing activities are also consistently in the expansion zone due to the high demand of domestic.

This optimism is amplified by projections from various international institutions:

• Asian Development Bank (ADB) forecasting the growth of the Indonesian economy reached 5.2% For the whole year 2026.

• OECD as well as providing the current projection, estimating the rate of GDP Indonesia remains stable at the level 5.2% with the support of private investment expansion.

♪ Warning External Pressure and Switch Value

Despite a strong domestic fundamentals, economic journalism in the field recorded a number of yellow lights coming from the global market. The main pressure is derived from the high interest rates of the world's main central bank, like The Fed, that triggers the flow of capital out (Capital outflow) from the thriving market.

The impact was directly felt on the market of foreign values. Routine exchange value depreciated and used to touch level Rp17.884 per US dollar At the end of September 2026.

In addition to the course of the basin, domestic inflation began to crawl up to the level 3.19% (YoY). This rise is triggered by two major factors:

1. The surges of global energy prices as Brent's raw oil price approaches $99.3 a barrel..

2. Food risk due to the aftermath of the phenomenon El Niño That suppresses agricultural sector productivity.

Maintain Balance

Facing this dynamic, the Indonesian Bank (BI) chose a tactical move with maintains reference interest rate (BI Rate) at 5.75%. This decision was judged precisely by economists because the BI does not necessarily charge all external pressure to the real sector through expensive credit interest.

In return, the BI amplifies the non-interest rate instruments. Incentive cost reduction hedging (hedges) swap upgraded to 25% To win back foreign investors' funds and maintain complex stability without compromising the momentum of domestic economic growth.

Through a very credible combination of APBN, tough people consumption, as well as a flexible monetary policy bill, Indonesia has proven to navigate a global economic wave of uncertainty in 2026.