Indonesian Finance Minister Martowardojo Says Inflation Is ‘Under Control’

Indonesian Finance Minister Agus Martowardojo said the country’s inflation is “under control.” The central bank cut interest rates by 50 basis points on Nov. 10.

Martowardojo, who spoke to Bloomberg in an interview at the Asia-Pacific Economic Cooperation forum in Honolulu, said the Indonesian economy may grow 6.5 percent this year.

He also said that Europe should implement the Oct. 26 rescue plan.

To contact the reporter on this story: Shamim Adam in Singapore at sadam2@bloomberg.net

To contact the editor responsible for this story: Peter Hirschberg at phirschberg@bloomberg.net

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