Bank Indonesia will also embark on a number of priority initiatives to accelerate the deepening of the financial markets. First is through  25  Optimizing Potential, Strengthening Resilience Bank Indonesia’s Annual Meeting 2016  the development of money market instruments, foreign exchange markets, and strengthening coordination with relevant authorities in order to develop capital market instruments, such as infrastructure bonds.
At a theoretical level, the evolution of monetary framework could be traced to the desire to reduce inflationary bias in the economy through various refinements under the broader debate on “rules” versus “discretion” in policy making, and more recently, “constrained discretion” which believes that the doctrines of “rules” and “discretion” are not mutually exclusive 2 .