Our monetary policy stance would tend to be particularly cautious, especially when unexpected shocks occur that may trigger risk to price stability. In terms of the wider national interest, it will not be possible to permanently and continuously alleviate poverty and reduce unemployment without structural improvements that slash the high-cost economy and enhance the investment climate.
I therefore see the benefits of the following policy strategy : 1. From the monetary policy side: the implementation of inflation targeting framework (ITF), within the wider structure of macroeconomic policy, is a strategic step that must continually be taken by Bank Indonesia to maintain market confidence on macroeconomic stability and overall financial system stability.