Indonesian central bank uses Ramadan sermons to preach on inflation

Muslim clerics attend a sermon, led by Indonesia's central bank official, on the importance of managing inflation, at Islamic Center in Majalengka, West Java province, Indonesia March 6, 2025. - Reuters

MAJALENGKA: Waiting to break their fast during the Muslim holy month of Ramadan, clerics in the Indonesian town of Majalengka, West Java, gathered for an unusual briefing on the subject of inflation, led by the country's central bank.

The address by a central bank official and two Muslim clerics in the town's Islamic centre was part of Bank Indonesia's strategy to enlist preachers to warn against overconsumption during Ramadan, which can trigger price pressures in a country with a history of runaway inflation.