This condition is in line with maintained inflation expectations and stability of the rupiah exchange rate, weak demand, and the availability of supplyJakarta (ANTARA) - Bank Indonesia Governor Perry Warjiyo reported that inflation was maintained low in July 2021 in almost all regions in Indonesia and nationally recorded at 1.52 percent as compared to the corresponding period in 2020.
"This condition is in line with maintained inflation expectations and stability of the rupiah exchange rate, weak demand, and the availability of supply," Warjiyo stated at the 2021 National Coordination Meeting for Inflation Control here on Wednesday.
The governor estimates that inflation in 2021 and 2022 will remain stable between two and four percent.
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However, Warjiyo also estimates the potential risk of rising inflation in 2022 that should be prevented in accordance with increasing domestic demand and rising global commodity prices.
Warjiyo lauded the Central Inflation Control Team (TPIP) and Regional Inflation Control Team (TPID) for the close synergy in realizing price stability, so that the synergistic efforts support Indonesia's economic recovery efforts and help to boost the people's welfare.
"We at Bank Indonesia remain fully committed to continuing to synergize with the government for recovery of the national economy," the governor stated.
To this end, he emphasized that all central bank policies, including monetary, macroprudential, and the payment system, will be deployed to support economic growth or current pro-growth efforts.
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Translator: Agatha Olivia Victoria, Katria
Editor: Fardah Assegaf
Copyright © ANTARA 2021
