Bank Indonesia sets out reform agenda for next 10 years

Central bank determined five areas of intervention in assessment

agus-martowardojo
Agus Martowardojo, governor of Bank Indonesia

Bank Indonesia has started work on a "transformation program" that will see the central bank update several of its processes and systems over the next 10 years.

According to a statement from the central bank, Bank Indonesia governor Agus Martowardojo began implementing the reforms on October 24, with a view to boosting the institution's ability to control inflation and support financial system stability.

Bank Indonesia struggled to meet its inflation target of 4.5% (with an acceptable deviation

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