Bank Indonesia to adjust interest rate to tame inflation | MARKET HEADLINES

IDX CHANNEL-Indonesia confirmed that it will continue to monitor inflation to ensure that it will provide the right policy response previously the central statistics agency announced that indonesia's inflation had skyrocketed to a level of 0.95 month to month in april 2022. Which was the highest level since january 2017. on an annual basis indonesia's inflation shot to a level of 3.47 or the highest since august 2019. the annual inflation is getting closer to the upper limit of bank indonesia's target range of 2% to 4%, seeing this condition the deputy governor of bank indonesia confirmed that bank indonesia's policy response would depend on the cost of inflation if inflationary pressures particularly core inflation are seen as permanent and will exceed the target Bank Indonesia.