Indonesia central bank sees end-2022 inflation at near 4% – deputy governor

JAKARTA – Indonesia’s central bank expects 2022 inflation to be at the upper bound of its target range or near 4% due to pressures from high global commodity prices, deputy governor Dody Budi Waluyo told a seminar on Thursday.

“We are quite sure that even though the challenge from global inflation is big, until the end of the year, inflation will remain within target of 2% to 4%. Maybe at the upper end of 4%,” Dody said.

(Reporting by Stefanno Sulaiman; Writing by Gayatri Suroyo; Editing by Kanupriya Kapoor)