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