Indonesia central bank to go all out with policy to keep inflation low-official


JAKARTA, June 27 (Reuters): Indonesia's central bank will be "all out" with measures to keep inflation low, including adjusting interest rates if it sees signs of core inflation accelerating, a senior official said on Monday.

"We will be monitoring inflation pressures, especially coming from volatile food and also the impact on inflation expectations, and in this regard, we will use all of our policy tools all out," Senior Deputy Governor of Bank Indonesia (BI), Destry Damayanti told a parliamentary hearing .

She also said the rupiah currency has been under quite intense pressure recently, but that BI predicted less pressure in 2023.

Meanwhile, Indonesia posted a 132.2 trillion rupiah ($8.91 billion) fiscal surplus or 0.74% of GDP in the first five months of the year, its finance minister said on Thursday, in contrast with a 1.3% of GDP deficit in the same period in 2021.

Government revenue was up by 47.3% on a yearly basis to reach 1,070.4 trillion rupiah in the January-May period, supported by high commodity prices and an improving domestic economy, while spending shrank 0.8% to 938.2 trillion rupiah, Sri Mulyani Indrawati told an online news conference.

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Indonesia , Central Bank , Rates

   

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