BANK Indonesia (BI) is entering a new chapter. Enforcement of Law No. 4/2023 on the Development and Strengthening of the Financial Sector (PPSK) will give the central bank new tasks. Not only will it be in charge of monetary policy, Bank Indonesia is also mandated by the law to participate in pushing for economic growth.

The new duty, according to an economist from the Atma Jaya Catholic University of Indonesia, Agustinus Prasetyantoko, will put