Indonesia Central Bank to Reduce Inflation to 3.61% in 2023
According to BI’s estimates, Indonesia’s CPI inflation reached 6.11 percent YoY as of Nov. 3.
JAKARTA, KOMPAS.com – Indonesia’s central bank (Bank Indonesia) in its Annual Budget Plan has set the target of bringing down the Consumer Price Index (CPI) inflation to a level of 3.61 percent year on year (YoY) in 2023. According to BI’s estimates, Indonesia’s CPI inflation reached 6.11 percent YoY as of Nov. 3."Our target is to control inflation immediately next year, so we really need an increase in the benchmark interest rate," BI Governor Perry Warjiyo said during a meeting with Commission XI of the House of Representatives on Monday, Nov. 21. Next year, the central bank will also contin...