Vietnam Plus are reporting on a statement by Indonesian Central Bank Governor, Perry Warjiyo, who told a Parliamentary hearing that Indonesia’s annual economic growth may slow to 4.37-percent next year, partly due to the impact of domestic monetary tightening.
In last week’s policy meeting, Bank Indonesia (BI) maintained the 2022 GDP growth forecast between 4.5 and 5.3-percent.
Warjiyo said predicting economic indicators was difficult due to volatility in the global economy, adding that the numbers could be discussed further with lawmakers, report Vietnam Plus.
The governor also gave a headline inflation forecast of 6.11-percent for this year and 3.61-percent for 2023 at the hearing. His presentation showed the figure for 2022’s inflation was BI’s forecast as of November 3.
Warjiyo last week said BI expected a headline inflation rate of 5.6-percent at the end of the year. Last week, BI raised its key policy rate for a fourth consecutive monthly meeting in a move aimed at anchoring inflation expectations, which the governor said was “too high.” In total, BI has lifted interest rates by 175-basis points since August.
Earlier on November 18, BI deputy governor Dody Budi Waluyo said inflation may decelerate further this month to 5.5-percent. BI is expected to lay out its policy guidance for 2023 at an annual gathering with financial stakeholders on November 30.
Source: Vietnam Plus