REPUBLIKA.CO.ID, JAKARTA -- Governor of Bank Indonesia (BI) Agus Martowardojo was optimistic that 2016 inflation target in the range of four plus minus one percent, could be achieved. It was following a decrease in price of fuel oil on 5th January 2016.
"In terms of purchasing power, in 5th January, there will be fuel price adjustments, it would be good," said Agus, after attending the opening of stock trading in 2016 with President Joko Widodo, in Indonesia Stock Exchange (BEI), Jakarta, Monday (4/1).
On 5th January 2016, the fuel price premium type would be lowered to Rp 7,150 per liter from Rp 7,300 per liter, while diesel fuel types fell to Rp 5,950 per liter from Rp 6,700 per liter.
Central Statistics Agency (BPS) recorded, throughout 2015 inflation rate was at 3.35 percent or better than the government's target of 5.0 percent.
In addition to controlled inflation, Agus also said that the development of infrastructure in 2016 might be better than the previous year. Improvement of infrastructure would contribute to improvement of domestic economy in 2016.
"As presented by President Joko Widodo, several ministries, especially which related to infrastructure development, have carried out realization of state budget at the beginning of 2016," he added.
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