IMF's Prediction on Prospect of Indonesia's Economy

(News Today) - Indonesia's current monetary policy stance remains appropriate, an official with the International Monetary Fund said Thursday.

“Reducing the level and volatility of inflation over time, in line with other emerging markets, would improve economic performance,“ IMF senior representative for Indonesia Milan Zavadjil told reporters at a briefing. Continued exchange rate flexibility will remain an important part of the policy toolkit, he added.

The IMF predicts Indonesia's economy will grow by 6% this year, accelerating from 4.5% in 2009. IMF Division Head for Asia Pacific Thomas Rumbaugh added that Indonesia could maintain growth of 6% or even slightly higher in 2011.

Source : kompas.com

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