Jakarta, CNBC Indonesia \u2013 Bank Indonesia (BI) Governor Destry\nDamayanti has stressed that the central bank\u2019s independence will be\nmaintained even as it strengthens co-operation with the government and\nother stakeholders.<\/p>\n
Destry explained that co-operation does not mean institutions\nsurrender their independence or authority. Rather, it means each\ninstitution works together, drawing on its own strengths and policies to\nachieve a shared goal.<\/p>\n
\u201cCo-operation means that we move forward together, each with our own\nstrengths or policies, but alongside one another and complementing each\nother to reach the same goal,\u201d Destry told CNBC Indonesia, in comments\ncited on Monday (12 October 2026).<\/p>\n
She said the most important aspect of building co-operation was for\nevery institution to respect the limits of one another\u2019s authority. This\nwould allow joint work to proceed without institutions taking over each\nother\u2019s responsibilities or exceeding their powers.<\/p>\n
BI, she said, would continue to safeguard its independence in setting\nand implementing policy. However, independence did not mean that the\ncentral bank had to work alone without co-ordinating with others.<\/p>\n
\u201cBI\u2019s independence in the context of our policies will certainly be\nmaintained. But that does not mean we act alone. We also have what is\ncalled independence within interdependence,\u201d she said.<\/p>\n
One example of such co-operation is the effort to control inflation.\nBI and the government have established the Central Inflation Control\nTeam (TPIP) and Regional Inflation Control Teams (TPID) to maintain the\nstability of prices and protect people\u2019s purchasing power.<\/p>\n
Destry said co-operation was becoming increasingly important as BI\u2019s\nmandate expanded, including to encourage growth in the real sector and\ncreate jobs. The expanded mandate is set out in Law No.\u00a04\/2026 on the\nDevelopment and Strengthening of the Financial Sector (P2SK).<\/p>\n
She said BI could not fulfil this mandate on its own. Co-ordination\nand co-operation were needed with ministries and government agencies,\nmembers of the Financial System Stability Committee (KSSK), and other\nparties with an interest in the national economy.<\/p>\n
Destry called this approach \u201cRed and White Co-operation\u201d (Sinergi\nMerah Putih), referring to joint work by institutions to maintain\nstability while advancing Indonesia\u2019s development and economic\nprogress.<\/p>\n
\u201cAll of this can be achieved only if we have co-operation. We need\nthis Red and White Co-operation,\u201d Destry said.<\/p>\n
She added that responsibility for Indonesia\u2019s development, progress\nand economic stability rested with everyone. Co-ordination between\ninstitutions was therefore needed to ensure that policies supported one\nanother in meeting national economic objectives.<\/p>\n
Nevertheless, Destry reiterated that stronger co-operation would not\nchange BI\u2019s commitment to preserving its independence as a central\nbank.<\/p>\n
\u201cFirst of all, we will continue to safeguard our independence,\u201d she\nconcluded.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/co-operation-with-government-deepens-bi-governor-says-independence-will-be-maintained-1791784278", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }