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Indonesia central bank to go all out with policy to keep inflation low: Official

Indonesia central bank to go all out with policy to keep inflation low: Official

File photo. Logo of Indonesia's central bank, Bank Indonesia. (Photo: Reuters/Fatima El-Kareem)

JAKARTA: 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 (Jun 27).

"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.

Source: Reuters/aj

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