Bank Indonesia launches joint initiative as rice prices bite

Bank Indonesia
Indonesian central bank in new drive to control food inflation
Christopher Jeffery

Bank Indonesia has teamed up with the government to establish five measures designed to keep inflation within its target band of 2.5%–4.5% this year.

CPI inflation in Indonesia was 3.61% in 2017, the third consecutive year it has remained within the band. However, the soaring rice price has recently become a concern for officials, who fear it might restrict the room for further policy easing to reverse the lacklustre economic performance in South-east Asia’s largest economy.

Despite stable

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