Inflasi: Inti, Volatile Food, dan Administered Prices and Administered Prices  0 6.80  %  10.0  20.0  -2  1  4  7 10 1  2016  4  7 10 1  2017  4  7 10 1  2018  CPI  average  4  7 10 1  2019  Core  4  7 10 1  2020  4  7 10  2021  Volatile Food  Administered Prices  Data as of 17 November 2021 Source: Reuters and Bloomberg  Data as of 17 November 2021 Source: Reuters dan Bloomberg  Source:: BPS Source: BPS  by the low risk perception of global investors regarding portfolio investment in Indonesia, as reflected in relatively stable Credit Default Swap (CDS) performance (Graph 27b).
The role of monetary policy After the exchange rate crash of February 1996, the monetary policy approach was to let market forces work with some intervention by the Reserve Bank in the foreign exchange and in the money markets, but mainly with the intention of supporting an orderly adjustment in market prices.