I must confess that my first meeting with him as Governor was even more memorable. It happened in Washington during the IMF/World Bank Annual Meetings in October 2007.
In other words, we need to balance the long term objective of strong, sustainable and inclusive economic growth with the short term concerns of stability, in its many facets. The situation truly explains many countries’ challenges including Indonesia. In this regard, Bank Indonesia cannot solely rely on the policy rate as a single monetary policy instrument.