Sri Mulyani Happy, Inflation Rate Has Started To Fall

Minister of Finance Sri Mulyani. (Photo: Aris Nurjani/VOI)

Minister of Finance Sri Mulyani Indrawati said Indonesia had succeeded in reducing the rate of inflation.

This is reflected in Indonesia's inflation rate at the end of 2023 of 2.61 percent.

Indonesia's inflation at the end of 2023 was 2.61 percent. This figure is lower than the previous year's 5.5 percent.

"Today BPS said the inflation yoy 2023 was 2.6 percent. Indonesia is one of the ahead the curves that can reduce inflation," he said at the Press Conference of our State Budget, Tuesday, January 2, 2024.

In addition, Sri Mulyani also said that the inflation rate had improved, especially in developed countries in the second half of 2023.

Although the inflation rate is already better, Sri Mulyani explained that she will not immediately encourage a decline in global interest rates, so that the phenomenon of high benchmark interest rates will still last for a long time and still need to be anticipated.

According to Sri Mulyani, the global central bank will still wait a while before adjusting the benchmark interest rate.

"Low inflation in interest rates does not necessarily fall, many central banks are still maintained and wait a while before they adjust," said Sri Mulyani.

Sri Mulyani hopes that the Indonesian economy will continue to improve and the benchmark interest rate can fall again in the second half of 2024.

"The downing inflation gives hope that by 2024 the situation will be better and interest rates will be adjusted in the second half of 2024," he said.