Acting Minister of Finance, Hatta Rajasa said government decides the fuel subsidies will increase from 4,500 IDR to 6,500 IDR per liter (illustration)

BI commited to guard against fuel inflation pressure

REPUBLIKA.CO.ID, JAKARTA - Bank Indonesia is committed to guard against inflation and also government policies related to subsidized fuel prices and compensation programs. Governor of BI, Darmin Nasution said  BI stayed alert that the inflation pressure could arise despite the Consumer Price Index (CPI) showed deflation in April 2013. "BI will guard against some inflation risks and exchange rate pressure....

Candidat for governor of Bank Indonesia, Agus Martowardojo (file photo)

Candidate of BI Governor plans to focus on inflation and fiscal

REPUBLIKA.CO.ID, JAKARTA - Minister of Finance Agus Martowardojo, nominated as the Governor of Bank Indonesia (BI) by President Susilo Bambang Yudhoyono, plans to focus on inflation ans fiscal health. "I will continue what has been done by the current governor," Martowardojo said on Tuesday. He added that controlling inflation and maintaining monetary health by conducting fiscal harmonization would create the...