Furthermore, the publication of forecasts helps to anchor the expectations of firms and households, thereby making the central bank more effective in fulfilling its objective. As a consequence, forecasts for inflation, output and other macroeconomic variables are an essential input in the monetary policy decision-making process.
I hope this gathering will give the opportunity of a healthy exchange of views to ensure better understanding of each others’ visions for the future. 2. With that spirit, I find this event provides a great time to take a fresh look at the opportunities in Indonesia at this challenging juncture.