In 2024, the economic growth rate hovered around 5.03 percent.
At a press conference in Jakarta on Wednesday, he attributed this positive projection to robust household consumption, which has been supported by government interventions, such as the disbursement of Eid al-Fitr allowances.
Warjiyo further supported the optimistic forecast by pointing to the expansive trend in Bank Indonesia's Prompt Manufacturing Index (PMI).
He stressed the importance of Indonesia capitalizing on this trend by attracting more investments from the private sector.
The central bank governor also noted that Indonesia's non-oil and non-gas exports rose in February 2025, driven by high demand for palm oil and motorized vehicles.
He further highlighted that the upcoming mass harvest period is expected to provide a boost to agricultural business activities.
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Additionally, Warjiyo emphasized that Bank Indonesia remains committed to optimizing its policy mix to pave the way for more stable and sustainable economic growth.
He said that BI will continue to utilize macroprudential policies and promote the digitization of payment services to support the government's fiscal policies.
"Bank Indonesia will also continue to fully support the government's eight primary missions, including those related to the economy, digitization, downstreaming, and food security," he added.
Referring to the value of Indonesia's currency, the rupiah, he noted that its exchange rate against the US dollar has strengthened slightly due to the stabilization policies implemented by Bank Indonesia.
He expressed confidence that Indonesia's positive economic outlook would also contribute to the rupiah's stability.
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Translator: Rizka K, Tegar Nurfitra
Editor: Yuni Arisandy Sinaga
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