Foreign exchange management policy will continue to pruduently implemented so as to maintain the stability of Rupiah’s currency value with the value of its fundamental. To support foreign exchange policy and the development of the domestic foreign currency market, Bank Indonesia initiated a hedging transaction to Bank Indonesia that covers foreign exchange transactions denominated in USD and non-USD.
The remainder of my speech will take the form of a report to you about how the FOMC is doing in terms of meeting these goals set for us by your elected representatives in Congress. Price stability I will start with price stability.