Investor Presentaiton
Monetary Policy will focus on stability
to stabilize Rupiah and manage inflation towards the target corridor, as part of mitigation
measures against the impact of global spillovers.
MITIGATING THE IMPACT OF GLOBAL SHOCK SPILLOVER
STAGNATION - RECESSION-
HIGH INFLATION
GLOBAL POLICY RATE
"HIGHER FOR LONGER
STRONG US DOLLAR AND WEAKENING
CURRENCY ACROSS THE WORLD
MONETARY POLICY TRILEMMA
POLICY RATE
FOR INFLATION
Monetary Policy "Pro Stability":
Front Loaded, Pre-emptive, Forward Looking
HIGH RISK PERCEPTION AND
"CASH IS THE KING"
TARGET
Policy Rate
B17DRR
Exchange Rate
Stabilization
1
CORE INFLATION WITHIN TARGET 3+1% ON THE FIRST HALF OF
2023 AND RUPIAH EXCHANGE RATE STABILIZATION POLICY
On a front loaded, pre-emptive and forward looking basis
to lower inflation expectation and core inflation ealier,
in the first half of 2023
Stabilization of Rupiah exchange rate to control inflation,
particularly imported inflation, through spot intervention, DNDF,
and SBN transaction in secondary market
SBN sale/purchase in secondary market to maintain the
attractiveness of SBN yield to draw foreign portfolio investment
in order to strengthen the stabilization of Rupiah exchange rate
2
COORDINATION
WITH GOVERNMENT
1. Inflation control with TPIP/TPID
and GNPIP
2. Fiscal-Monetary coordination
3. Development of priority sector
B
Twist
Operation
RUPIAH
STABILIZATION
FOREIGN EXCHANGE
RESERVE ADEQUACY
STRENGTHEN THE STRATEGY
OF INTEGRATED MONETARY POLICY
MANAGEMENT
OPTIMIZATION OF FOREIGN
EXCHANGE RESERVE MANAGEMENT
Source: Bank Indonesia
RUPIAH AND FOREIGN
CURRENCY MONEY MARKET DEEPENING
SYNERGY AND COORDINATION
107View entire presentation