Jakarta, June 3 -- The government and Bank Indonesia (BI) have worked together successfully to reduce inflation in Indonesia, Finance Minister Sri Mulyani Indrawati has said.

"Indonesia is one of the countries that have succeeded in reducing inflation without having to dim their economy because of raising the interest rates too high," she observed in a statement received here on Friday.

She made the remarks while delivering a public lecture at the University of Indonesia (UI) in Depok, West Java, on Wednesday (May 31, 2023). She said that the government and BI have implemented good fiscal and monetary policies.

According to her, the government and BI have agreed to consistently maintain inflation in the range of 2 percent to 4 percent ...