JAKARTA (Yosefardi) – The government and Bank Indonesia (BI) agree on six strategic measures to maintain inflation at around 4% plus minus 1% in 2016.
These strategic measures will determine the efforts to bring inflation into decreasing trend to meet the expected target in the future.
Those six measures are implementing inflation control roadmap as the program benchmark of the Inflation Control Team (TPI) and Regional Inflation Control Team (TPID).
The second measure is activating the inflation control secretariat, which is under the Coordinating Ministry for Economic Affairs to ease the coordination between center and regions, which needs supports from the central govermnment.
The third is involving the Commission for the Supervision of Business Competition (KPPU) and law enforcement party to address the problem of food commodity market structure.
Next is organizing 7th national coordinating meeting of TPID in August 2016 after inaugurating the new local heads. This aims to gain the local heads’ commitment in terms of price stability efforts.
The fifth is making extra efforts to control food commodity inflation in order to anticipate the challenge of price inflation set by the government (administered prices) in 2016.
The last is strengthening the mixture of BI’s policy to maintain macroeconomic stability, especially achieving inflation target in 2016.