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The monetary policy stance is adopted by Bank Indonesia in the Board of Governors Meeting. This meeting convenes in the first week of each month for a comprehensive assessment of the latest developments in macroeconomic and policy conditions and of projections for the economy, including inflation.
The Board Meeting is valid if attended by more than half of the members of the Board of Governors. Decisions in a Board meeting are adopted through mutual deliberation to achieve a consensus. If the meeting fails to reach a consensus, the Governor shall adopt a final decision.
Nevertheless, in the event of an emergency and the Board Meeting is unable to convene for lack of quorum, the Governor or at least 2 (two) Board members may adopt policy and/or make decisions.
To strengthen the credibility and transparency of monetary policy, a schedule for determining the monetary policy stance is announced to the public at the beginning of each year.
The Board Meeting is valid if attended by more than half of the members of the Board of Governors. Decisions in a Board meeting are adopted through mutual deliberation to achieve a consensus. If the meeting fails to reach a consensus, the Governor shall adopt a final decision.
Nevertheless, in the event of an emergency and the Board Meeting is unable to convene for lack of quorum, the Governor or at least 2 (two) Board members may adopt policy and/or make decisions.
To strengthen the credibility and transparency of monetary policy, a schedule for determining the monetary policy stance is announced to the public at the beginning of each year.
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