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Indonesian central bank targets inflation at around 4 per cent in 2017, 2018: govt

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Indonesia's central bank is targeting annual inflation at 4 per cent with a deviation of 1 per cent above or below the goal for 2017 and 2018, its governor said on Tuesday.

[JAKARTA] Indonesia's central bank is targeting annual inflation at 4 per cent with a deviation of 1 per cent above or below the goal for 2017 and 2018, its governor said on Tuesday.

The target for 2019 is around 3.5 per cent, Governor Agus Martowardojo said.

Bank Indonesia's target for this year and next year is also in that range, which translates to 3-5 per cent.

Annual inflation was 4.89 per cent in November, in line with analysts' expectations in a Reuters poll, and a significant easing from 6.25 per cent in October.

REUTERS

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