The strong US dollar, high monetary policy interest rates, as well as the risk premium and uncertainty in global financial markets portend the risk of foreign portfolio outflows (capital outflows), rising SBN yields, and depreciatory pressures on the Rupiah.
Furthermore, the risk of financial system instability may also increase,  both from market risk due to the weakening of the exchange rate and rising SBN yields, as well as credit risk due to declining domestic economic activity. In addition to the risks in the near term, several medium-term risks demand vigilance in terms of strengthening Indonesia’s economic revival towards Advanced Indonesia.