Ladies and gentlemen, Policy priorities 28. To address the existing challenges, I believe we have come to a common understanding that reforms to improve the economic structure should be underlined and properly implemented. Cyclical policies from monetary and fiscal domains remain indispensable indeed, but not sufficient as it only responds to short term recurrent symptoms. BIS central bankers’ speeches  3  29.
Thus far, Bank Indonesia’s monetary and macroprudential policies have been among the key factors in safeguarding macroeconomic stability, which support the structural reforms pursued by both central and regional government. 30. Bank Indonesia has lowered BI Rate and Primary Reserve Requirement as available room to ease monetary policy became apparent on the back of solid macroeconomic stability, including lower inflationary pressures going forward.