Airlangga said these steps would also help Indonesia maintain positive economic growth at 5-6 percent and reduce the negative impact of inflation.
“According to various estimates, the world’s economic growth will slow down in 2023, so we must remain vigilant,” he said.
In the first quarter, CPI inflation was recorded to be falling to below 5 percent (yoy). Inflation in March was recorded at 4.97 percent (yoy), down from 5.47 percent (yoy) in February.
"For this reason, the Government and Bank Indonesia are working together to implement new fiscal, monetary and real sector policies that are flexible, responsive and accommodative," he explained.
(WHY)