The digitalization of the payment system according to BSPI 2025 and the management of Rupiah currency according to BPUR 2025 continues to be accelerated to support the digital financial economy as a source of economic recovery, especially MSMEs and the retail sector.
The transition phase from high to low inflation and from high to low interest rates can actually raise some asset prices for very good reasons.4 Similarly, if the move to low inflation has coincided with the deregulation of financial markets, the first observed effect may be increased instability.5 As so often in economics, it takes a long time to observe changed behaviour in a new steady state, such as low inflation; most of our recent observations come from transition phases between one regime to another.