Bank Indonesia (BI)
2019
Bank Indonesia (BI) is the central bank of Indonesia, responsible for maintaining monetary stability and regulating the financial system. Established in 1953, BI plays a key role in formulating and implementing monetary policy, managing inflation, stabilizing the Indonesian rupiah, and overseeing payment systems. The bank also supervises financial institutions and ensures economic growth through sound fiscal policies. BI operates independently under the Law No. 23 of 1999, with a primary focus on price stability and sustainable economic development
Our partnership with BI includes the use of EViews and Stata. EViews is utilized as statistical software for econometric analysis, forecasting, and handling time series data in financial studies, while Stata is applied as a versatile statistical tool with robust analytical capabilities. Additionally, Bank Indonesia procures EViews and Stata annually to ensure consistent support for their advanced data analysis and policy-making processes.
