The gap between supply and demand turned indonesia telegram data out to be larger than we expected. Plus, the full effect of tightening monetary policy does not manifest itself immediately, but gradually, with a certain lag (time interval, — Ed.) — as a rule, over several quarters. But we are determined to achieve low inflation, and not in the distant future, but already next year.
The government is increasing expenditures
with one hand this is causing the money supply to grow. And the Central Bank is trying to reduce this volume with the other hand. Isn’t there a contradiction here?
Indeed, in the last year, a tight monetary policy has been implemented simultaneously with a stimulating budget policy. Before that, they usually acted in the same direction. Now it looks as if the Central Bank and the government are playing against each other. This is not so.
The government and I have one common goal
Sustainable and balanced economic development. And our actions complement each other. The government now has more tasks, large budget expenditures are inevitable – for structural changes, for increasing investments in priority areas, including import substitution. And our mission in these conditions, when the budget solves the problems millions of databases automatically updated of structural restructuring, is to contain the growth of prices, maintain macroeconomic stability. The government is responsible for choosing and implementing priorities. And we are ao lists responsible for ensuring that aggregate demand in the economy corresponds to current production capabilities and does not result in price increases.