Decison Making Process

Board of Governors Meeting

• 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.

See Monthly Board of Governors Meeting