Inflation Control and Effective Stimulus Disbursement Required to Boost Consumption in Indonesia: Joko Widodo

Addressing a national meeting, Indonesian President, Joko Widodo (Jokowi) urged the country’s regional leaders and Ministers to focus on maintaining a balanced inflation level in order to ensure price stability whilst businesses continue to operate.

Jokowi noted that keeping inflation under control though the balancing of supply and demand was necessary to avoid pricing pressure once the economy recovers and purchasing power normalises. The President added that these measures would allow for increased consumption and provide a boost to the micro, small and medium enterprises (MSMEs).

In addition, Jokowi advised regional heads to expedite the disbursement of COVID-19 aid effecti...