Respon Kebijakan Moneter terhadap Inflasi Indonesia Periode Jokowi Periode 2019-2024

Abstract

This study aims to analyze Bank Indonesia's monetary policy response to inflation in Indonesia during the Jokowi administration period from 2019 to 2024. This study uses a qualitative descriptive analytical approach with secondary data obtained from monetary policy documents and inflation statistics from the Central Statistics Agency. The results show that the monetary policy implemented, including interest rate setting, inflation control, and exchange rate stability, plays an important role in keeping inflation within the set target limit. During the period, Bank Indonesia managed to adjust interest rates in response to changing economic conditions, including the impact of the COVID-19 pandemic and global geopolitical tensions. Key findings show that despite external challenges, such as soaring energy and food prices, the macroprudential policies and financial digitalisation implemented by Bank Indonesia have helped maintain economic stability. The study concludes that coordination between monetary and fiscal policies is essential to achieve the desired inflation target. The recommendation for further research is the need for continuous evaluation of the impact of implemented policies and adaptation to changing global economic conditions.