Fathan Qorib, Mahinda Arkyasa
Commission XI (Commission) of the House of Representatives (House) is currently planning to begin a discussion on a new draft bill on controlling inflation (Bill).
Harry Azhar Azis, Deputy Chairman of the Commission, stated that the Bill is a response to the transfer of Bank Indonesia’s (BI) authority to the Financial Services Authority (OJK), which will take place on 31 December 2013.
“There should be a law on controlling inflation in order to impart responsibility on the Ministry of Finance, BI, and regional governments,” Harry said on Monday (25/3).
He further explained that the rise of the inflation rate is not only caused by the lack of pricing control by BI, but also due to the lack of coordination between BI and the Ministry of Finance.
In addition, he stated that in order to control the inflation rate, BI’s organizational structure must be improved.
Meanwhile, the recently elected Governor of BI Agus Martowardojo also conveyed the idea of controlling the inflation rate.
During a fit and proper test held by the House, Agus stated that controlling inflation is essential to maintaining economic stability and if the Government can control the inflation rate, public welfare will improve.
(jt)
Fathan Qorib, Mahinda Arkyasa
Commission XI (Commission) of the House of Representatives (House) is currently planning to begin a discussion on a new draft bill on controlling inflation (Bill).
Harry Azhar Azis, Deputy Chairman of the Commission, stated that the Bill is a response to the transfer of Bank Indonesia’s (BI) authority to the Financial Services Authority (OJK), which will take place on 31 December 2013.
“There should be a law on controlling inflation in order to impart responsibility on the Ministry of Finance, BI, and regional governments,” Harry said on Monday (25/3).
He further explained that the rise of the inflation rate is not only caused by the lack of pricing control by BI, but also due to the lack of coordination between BI and the Ministry of Finance.
In addition, he stated that in order to control the inflation rate, BI’s organizational structure must be improved.
Meanwhile, the recently elected Governor of BI Agus Martowardojo also conveyed the idea of controlling the inflation rate.
During a fit and proper test held by the House, Agus stated that controlling inflation is essential to maintaining economic stability and if the Government can control the inflation rate, public welfare will improve.
(jt)