BI: Central Bank Research Directed to 4 Priorities to Address Challenges

Jakarta (ANTARA) - Bank Indonesia (BI) Acting Governor Destry Damayanti stated that central bank research needs to be directed towards four priority agendas to address the challenges of geoeconomic fragmentation, digital transformation, and rising systemic risks. “Bank Indonesia is committed to continuously strengthening a high-quality and policy-relevant research ecosystem to support evidence-based policymaking amidst the changing global economic and financial landscape,” Destry said in a statement received in Jakarta on Wednesday. One of the priority agendas is strengthening the understanding of monetary policy transmission amidst geoeconomic fragmentation. The second is deepening analysis of digital finance and the implications of developments in digital payment systems, artificial intelligence (AI), fintech, crypto assets, and digital currencies for central bank policy. The fourth is strengthening institutional credibility and policy communication as a foundation for maintaining public trust. On 31 July, BI held the 20th Bulletin of Monetary Economics and Banking (BMEB) International Conference and Call for Papers with the theme “Central Banking at the Crossroads of Geoeconomic Fragmentation, Digital Transformation, and Systemic Risks”. The BMEB international conference was attended by researchers, academics, policymakers, and international institutions.