BI: Inflation Indonesia 4.5 Percent in 2012

Bank Indonesia Governor Nasution estimated the rate of inflation in 2012 will reach 4.5 percent or higher than inflation this year is estimated at 3.9 percent.

"If there are restrictions on subsidized fuel policy then the additional impact of about 0.7 to 0.9 percent depending on the price of Indonesian crude oil next year. This level is not considered bad, in terms of levels not interfere with the management of the national economy," Nasution said in Jakarta, Saturday.

While the projected growth projections for 2012, the central bank said that in the range of 6.3 percent - 6.7 percent or slightly lower than 2011 due to the global economic slowdown.

So to still be able to maintain the momentum of strengthening the national economy, he added bases of domestic economic growth have increasingly strengthened.
Nasution also said optimistically, that the decline in BI rate since October 2011 and then will turn on domestic sources of financing primarily from banks.
With the economic growth of around 6.3 percent - 6.7 percent, the central bank said that the financing need of at least Rp598 trillion, equivalent to the rate of credit growth of 26.9 percent. "Next year credit growth 24-25 percent," he said.
According to Nasution, the growth of investment in 2011 grew 7.7 percent, is predicted to increase 9.7 percent to -10.1 percent in 2012, so that in turn will be able to maintain the purchasing power of society, and the growth of household consumption can be maintained at level of 4.7 percent - 5.1 percent.
While the show Bankers Dinner Friday night, there are five Darmin deliver BI policy direction in 2012, namely to optimize the role of monetary policy to stimulate economic capacity as well as mitigate the risk of threats of global crisis, improve the efficiency of banks to optimize the contribution to the economy by strengthening the resilience of the banking and improve efficiency and competitiveness of payment systems in both the national payment system and payment system ties with foreign countries.
In addition, the central bank will strengthen the resilience of the macro with the strengthening of coordination in order penaganan prevention and crisis management, and support the empowerment of the real sector, including continued efforts to extend banking, financial inclusion, to the public.