The formulation of the last two rates must correspond with monetary policy rates that is aimed at maintaining conducive macroeconomic conditions, thereby minimizing risks of market uncertainty that can potentially lead to distortion once the liquidity adjustment process takes place in the economy. In this regard, Bank Indonesia will consistently direct the policy mix to maintain macroeconomic stability.
If we seriously wish to reduce such risks, remedial action is required. But in order to go beyond analysis and take remedial actions, a proper assessment, a strong will, together with a robust legal framework which enables effective action, are all necessary. In any event, without a system-wide assessment, no actions are possible.