BI Sets Inflation Target Of 4.8 Pct

Jakarta (Antara Bali) - Bank Indonesia (BI) has set a national inflation rate target of 4.8 percent for 2013, according to Perry Warjiyo, the central bank's director for economic research and monetary policies.

The inflation target is based upon the risk assessment of the 2012 inflation target of 4.6 percent, which is expected not to exceed the BI target of 4.6, plus and minus 1 percent, Perry said during a discussion with the media at the BI building here on Friday.

"Basically, the inflation target is based on national economic growth and the global economy. Though the 2012 inflation is not likely to exceed its target, BI has raised its inflation rate target for 2013 to 4.8 percent due to the current global economic situation," he said.

Perry said the result of the risk assessment suggests that the projected economic growth of 6.7 percent for this year indicates potential growth.

"Judging by this situation, we hope our economic growth will exceed 6.7 percent," he said.(*/T007)