Comment: Bank Indonesia wins praise

The oil price increase has caused headaches for monetary policy-makers around the world but has posed particular challenges for developing economies such as Indonesia, which operates an extensive system of oil subsidies.

COMMENT BY CENTRALBANKNET

Their public finances have come under immense strain from the drop in the value of the rupiah. In addition, rising energy costs lead to inflationary pressures. Policymakers knew that they need to cut fuel subsidies, but the issue has always been a

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