Despite the limited response by bank interest rates and credit disbursements that are far slower than expected, the bank credit extension plan has shown indications of quicker expansion in the near future. Ladies and Gentlemen, Let me conclude my brief remarks by expressing that, from the point of view of a central bank in an emerging economy, the winds of change are indeed blowing.
Dealing with the global financial crisis is paramount. Many of our working assumptions are constantly being challenged by this new reality, which requires creative and sound policy on our part and, more importantly, courage to implement bold, often unprecedented, measures. In this respect, we at Bank Indonesia believe that sharia financial institutions show great promise as one of cornerstone of future sustainable economic activity.