Credit Growth and Investment Strength Could Potentially Put Pressure on Inflation in Indonesia: A Systematic Literature Review
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This study aims to conduct a Systematic Literature Review (SLR) to analyze and synthesize findings from existing literature on the potential for inflationary pressure in Indonesia stemming from credit growth and investment strength. This study evaluated 10 articles published in reputable journals indexed by Sinta and Scopus between 2012 and 2025. The SLR was conducted by identifying, selecting, and evaluating relevant studies published in the last five years. The synthesis results show that there is a consensus among researchers regarding the positive relationship between this aggregate growth and inflation risk, especially if it is dominated by consumer credit and investment in the non-tradable sector. The policy implications underscore the need for monetary and macroprudential policy coordination to manage liquidity and credit risk without hampering productive investment, which is vital for long-term economic growth.
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