There Is Eid Joint Leave, BI Accelerates The Announcement Of Reference Interest Rates For The April 2023 Period

Illustration (Photo: Doc. Antara)

JAKARTA Bank Indonesia (BI) has decided to make adjustments to the monthly Board of Governors' Meeting (RDG) for the April 2023 period.

Head of the BI Communication Department Erwin Haryono said that initially the RDG was scheduled for Tuesday-Wednesday, April 18-19, 2023, to be moved to Monday-Tuesday, April 17-18, 2023.

"Bank Indonesia has adjusted the time for holding the Board of Governors Meeting by considering the government's announcement of the period of joint leave ahead of Eid al-Fitr 1444H/2023," he said in a written statement on Monday, March 27.

According to Erwin, the joint leave was originally set for Friday, April 21, 2023, to be Wednesday, April 19, 2023.

"The determination of the 1st of Syawal 1441 H or Eid al-Fitr follows the decision of the Indonesian government," he said.

For information, the announcement of the results of the Board of Governors Meeting is a form of transparency over BI policies, especially in the process of formulating monetary policy.

Meanwhile, the first day of the RDG was carried out to deepen the results of the monetary sector assessment including regional economic material (economic developments from various regions throughout Indonesia), the financial system stability sector, the payment system sector.

Then, manage rupiah currency, as well as integrate policy mix options that will be taken by Bank Indonesia.

Furthermore, the second day of RDG was held to determine the policy mix of Bank Indonesia. Meanwhile, one of the results of the most awaited Board of Governors Meetings by the public and the business world is related to the determination of the benchmark interest rate (BI rate).