The Federal Reserve renewed its policy framework just recently and decided to move to average inflation targeting. The Fed has chosen a policy framework that can be characterised as flexible without being too rigid in its parameters.
This cooperation agreement signing is the follow-up to the Memorandum of Understanding on Utilization of National Identity Numbers, Population Data, and Electronic Resident’s Identity Cards within the Scope of Duties of Bank Indonesia signed by the Governor of Bank Indonesia and Minister of Home Affairs on 6 May 2013.