BCA Monitors Global Turmoil, Assessing Economic Impact

Indonesia’s financial sector is closely watching escalating global tensions, particularly the fallout from conflicts involving Iran, Israel, and the United States. Bank Central Asia (BCA) is proactively assessing the potential effects on the Indonesian economy.

BCA’s Vigilant Approach

Hera F. Haryn, BCA’s executive VP of corporate communication and social responsibility, indicated the bank is actively monitoring global economic trends. She said the financial institution is paying close attention to developments arising from ongoing geopolitical conflicts.

BCA is committed to innovating and delivering solutions and products that meet the needs of its customers.

The U.S. airstrikes against Iranian nuclear facilities on June 22, 2025, ignited retaliatory attacks between Iran and Israel. This prompted worries about global market repercussions.

“We trust that the government and relevant financial authorities will take swift and appropriate measures to maintain national economic stability amid global volatility,”

—Hera F. Haryn, Executive VP, BCA

The Federal Reserve kept its benchmark interest rate stable this month at 4.25% to 4.50%, but signaled two possible rate cuts by the end of 2025. As of November 2024, the U.S. inflation rate was 3.1%, according to the U.S. Bureau of Labor Statistics (BLS).

Domestic Perspective

On the local front, BCA acknowledged the Bank Indonesia’s decision to maintain its benchmark interest rate at 5.50%. This was seen as a strategic move by the central bank. The bank views this as a good step to help navigate global uncertainties.

Hera noted that global interest rate policies remain another major focus for BCA. She suggested the Federal Reserve might hold or increase interest rates to counter inflation.

In these conditions, BCA is committed to innovating solutions to meet customer needs.