As policy maneuver, we have made a number of adjustments to the overnight interest rate corridor. Strengthening the monetary operation framework for liquidity management was also implemented by optimalizing the reverse-repo-government securities transactions. Distinguished ladies and gentlemen, 49. The increasing challenge in formulating monetary policy in 2012 arises from the increasing pressure on the Rupiah.
In the vulnerable global financial markets as of today, we perceive exchange rate stability as the first line of defense in maintaining macroeconomic and financial stability as a whole. For that reason, it is critically important to maintain the exchange rate stability. 50.