Regulatory Alerts2021-12-28
Bank Indonesia Regulation Number 23/18/PBI/2021 on Monetary Control
Bank Indonesia issues Regulation Number 23/18/PBI/2021 to establish a comprehensive framework for monetary control aimed at achieving and maintaining rupiah stability. The regulation defines the scope of monetary control in the money market, encompassing interest rate, exchange rate, and liquidity management, while outlining mechanisms for transactions, participant eligibility, and pricing. It further mandates monitoring, supervision, and the imposition of administrative sanctions to ensure compliance with monetary policy objectives.
Share