Jakarta, July 22 -- Bank Indonesia (BI) has called for stronger coordination between fiscal and monetary policies to safeguard national economic stability and sustain domestic growth amid escalating global uncertainty and financial market volatility.

Speaking at a virtual press conference on Wednesday, BI Governor Perry Warjiyo stated that global market tensions have resurfaced following a renewed escalation of the conflict between the United States and Iran in early July 2026.

"Traffic in the Strait of Hormuz has been disrupted again, affecting production and trade supply chains between countries, and the price of oil and various global commodities has rebounded," Perry said.

BI projects global economic growth to remain sluggish at 3 ...