Indonesia: An eye on inflation (By Oxford Business Group)

Indonesia: An eye on inflation

Inflation in Indonesia picked up in the early months of 2013, as rising prices have constrained the Bank of Indonesia’s (BI’s) ability to loosen monetary policy to encourage GDP growth, with possible further rate rises to come. However, the robust economy is unlikely to suffer much as a result, particularly if other pro-growth measures are taken.
The consumer price index increased 5.9% in March from a year earlier, and core inflation rose … Read more.