Indonesia's financial service supervisory body issues stimulus policies

Indonesia's Financial Service Authority on Friday issued 35 stimulus policies aimed at bolstering the nation's financial industry so as to ensure the national economy growth targets are achieved.

Head of the agency Commissioner Council Muliaman Hadad said the policies are highly expected to quicken economic growth in a more stable manner.

"Those stimulus policies are expected to accelerate the growth of the nation's economy and keep it growing to the targeted level, " he told a press conference.

According to Muliaman, part of the new policies would be effective in two years and his office would continue evaluating the efficacy of those policies.

Indonesia posted a 4.71 percent growth in the first quarter this year, compared with 5.2 percent in the same period last year.

The government has adjusted its growth target this year from the planned 5.7 percent to 5.2 percent. Endi