Indonesia: Detailed Assessment of Observance of IMF Code of Good Practices on Transparency in Monetary and Financial Policies

July 18, 2012

Summary

This paper discusses key findings of the Financial Sector Assessment Program (FSAP) covering the transparency of monetary policy in the Republic of Indonesia. There is a reasonably high degree of transparency in Indonesia’s monetary policy, with much progress having been made over the last decade. The paper highlights that the adoption of an inflation targeting (IT) framework in 2005 significantly enhanced the effectiveness of Bank Indonesia in conveying its objective to the wider public.

Subject: Banking, Central banks, Financial institutions, Financial statements, Government securities, Inflation targeting, Monetary operations, Monetary policy, Open market operations, Public financial management (PFM)

Keywords: balance sheet, BI rate, BI regulation, BI report, BI responsibility, BI website, BI's counterparty, BI's website, CR, exchange rate, Financial statements, Global, Government securities, grants BI power, Inflation targeting, ISCR, Monetary operations, Open market operations

Pages:
40
Volume:
2012
DOI:
https://doi.org/10.5089/9781475504941.002
Issue:
188
Series:
Country Report No. 2012/188
Stock No:
1IDNEA2012003
ISBN:
9781475504941
ISSN:
1934-7685

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