Bank Indonesia revises up 2001 inflation forecast

INDONESIA - Indonesia's central bank said on 14 May it expected to revise up its 2001 inflation forecast due in part to the weak rupiah, but added the rate should remain below 10 percent.

"The assumption will be revised but it will remain below 10 percent," central bank senior official Halim Alamsjah said.

The central bank had said in January that inflation was expected at 6-8.5 percent in 2001. Inflation ended 2000 at a year-on-year 9.35 percent. The government is in the process of revising it