VIVAnews - The government is optimistic that the Indonesia's inflation rate by the end of 2009 could be squeezed to 4 percent while the benchmark interest rate could be cut to 6 percent.
Finance Minister Sri Mulyani Indrawati said that the inflation rate could be achieved as there is not any trigger which could increase the rate.
"For several months ahead, the factors which can trigger inflation such as the Lebaran, fasting month or end-of-year period are relatively anticipated," she said in the Finance Department on Thursday night, July 9.
It can be concluded that the total inflation may come close to 4 percent by the end of the year after the Center Statistics Agency (BPS) announced the annual inflation rate until June could reach 3.67 percent.
"BI and BPS believe that the inflation could go lower than 5 percent. It is also reflected from the well-maintained price stability," she added.
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Translated by: Ariyantri E. Tarman
