To promote consistent implementation of borrower-based instruments across the EU, the ESRB can issue recommendations that are to operate through a comply-or-explain mechanism. Up until today, no such recommendation exists for the real estate market. When it comes to the implementation of borrower-based instruments in euro area/SSM countries, the ECB can play a key coordinating role for SSM countries.
As stated, Bank Indonesia predicts national economic growth in 2022 to reach 4.7-5.5%, driven by the ongoing global economic recovery, which will impact strong export performance, as well as increasing domestic demand from higher consumption and investment.