How to Cite
Febiandita, S., Friawan, D., & Titiheruw, I. S. (2024). Economic Growth, Inflationary Pressure, and Post-Pandemic Normalization Efforts. Indonesian Quarterly, 50(3). Retrieved from https://journals.csis.or.id/index.php/iq/article/view/2007
Abstract
In the second quarter of 2022, Indonesia’s economic growth reached 5.44% year on year (y-o-y). At the same time, inflation rate has increased since the beginning of 2022 to reach its highest level since 2015 of 4.35%. Then, the Rupiah (IDR) exchange rate against the USD also weakened compared to the previous quarter. However, Bank Indonesia keeps the benchmark interest rate constant at 3.50%