Inflation Control and Financial Facilities Strategy
Bank Indonesia's Policy Mix
To Maintain Macroeconomic and Financial System Stability
1
Accommodative monetary
policy consistent with
controlled inflation in the
target corridor, while serving
as a pre-emptive measure to
maintain domestic economic
growth momentum
consistent with fundamentals
1
Stabilize exchange rate
1
Optimize monetary
operations in order to
ensure market mechanisms
and adequate liquidity in the
money and foreign exchange
markets
1 Controlling inflation: TPIP, TPID
1 Structural reforms:
1m
Monetary
Policy
Coordination
with other
Authorities
102
Macro-
prudential
Policy
Government
1
Financial deepening &
stability: KSSK (Financial
System Stability Committee),
OJK (Financial Services
Authority)
1 Coordinating efforts in
reducing Current Account
Deficit
Source: Bank Indonesia
1 Implementing Macro prudential
Intermediation Ratio (RIM)
1 Implementing Macro prudential
Liquidity Buffer (MLB)
1
Electronification: Social
program, e-payment for
Government
1
Financial technology
1
National Payment Gateway
(NPG)
5
4
Financial Market
Deepening
1
Payment
System
Policy
1 QRIS (QR Indonesia
Standard)
1
Expanding National Clearing
System (SKNBI) services
1 Developing market instruments for
financing infrastructure
Developing financial market infrastructures
1
Rupiah Interest Rate Swaps (IRS) and
Overnight Index Swap (OIS)
1 Domestic non-Deliverable Forward (DNDF)
1
Developing the Commercial Papers (Surat
Berharga Komersial)
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