Second, BI will raise its benchmark interest rate if there is a spike in core inflation. However, so far the core inflation is estimated to remain below 3%. “We will adjust interest rates if there is an increase in core inflation,” he said.
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Third, BI will strengthen coordination with the inflation control team (TPI) both at the center and regions to prevent a spike in inflation, especially from volatile prices.
“BI will also strengthen policy coordination with the central government and local administrations,” he added. (rr)