RESPON KEBIJAKAN MONETER TERHADAP PANDEMI COVID 19

Abstract

The COVID-19 pandemic has rapidly spread to all parts of the world, affecting the world economy, including Indonesia, which experienced an economic recession in the third quarter of 2020. Bank Indonesia has the authority in monetary policy to maintain the stability of the Indonesian economy. Therefore, one of the efforts made by Bank Indonesia to maintain economic balance and economic growth was through Interest Rate policy the BI 7DDR. This study aims to examine monetary policy maintained the Indonesian economy during the Covid 19 pandemic. The results of a Bank Indonesia policy study on maintaining the rupiah exchange rate can have a positive impact on the Indonesian economy, as evidenced by the positive response of stock market actor.