Jakarta - Moody's rating agency assesses that the Indonesian economy remains resilient, supported by stable and solid economic growth and maintained credibility of monetary and fiscal policies.
In a written statement received on Friday (21/3/2025), Moody's also said that Indonesia's economy remains strong, supported by its natural resource advantages and demographic bonus. These factors underpin Indonesia's sovereign credit rating (SCR) profile at Baa2 with a stable outlook.
Moody's assesses that strong domestic demand, especially from household consumption and investment, will drive Indonesia's economic growth in 2025 and 2026. The sustainability of policies to boost the competitiveness of the manufacturing and commodity sectors is also seen as contributing positively to economic growth and higher and sustainable income levels.
According to Moody's, strengthening in the aspects of government revenue and fiscal flexibility, increased economic growth and competitiveness, and deepening of financial markets are also factors that will provide opportunities for an improvement in Indonesia's Sovereign Credit Rating (SCR) in the future.
Bank Indonesia Governor Perry Warjiyo said Moody's confidence in Indonesia's economic resilience is a positive indicator that reflects international confidence in Indonesia's solid economic fundamentals, amid high global financial uncertainty.
This is supported by the authorities' commitment to maintaining credibility and strengthening policy synergies to ensure that macroeconomic stability is maintained. This coordination covers several areas, namely related to the policy of stabilising the rupiah exchange rate to mitigate the impact of global dynamics, encouraging economic financing through the Macroprudential Liquidity Incentive Policy (KLM), support in accelerating the Government's digital transformation, and strengthening downstreaming and food security.
In addition, Bank Indonesia also continues to strengthen policy synergy with the Financial System Stability Committee (KSSK) to maintain the stability of the financial system.
Furthermore, in order to encourage global confidence in the Indonesian economy to remain positive, Bank Indonesia will continue to strengthen policy coordination with the Government to maintain stability and encourage economic growth in line with the Government's Asta Cita programme.
Moody's positive assessment of the Indonesian economy shows that the government's efforts to maintain macroeconomic stability and policy credibility have been successful. This confidence will not only support economic growth in the short term, but will also open up opportunities for an upgrade of Indonesia's sovereign credit rating in the future.