In addition to the domestic factors that has contributed to growth, favorable external situation has also been helpful. The open global economy still provides opportunity for exports and prices of commodities of our interest have been improving. As we enter 2005, we look forward to continued improvement in the Indonesian economy.
I am optimistic that macroeconomic stability will be sustained throughout the years to come. The rupiah is set to remain stable with an appreciating trend, while inflation in overall terms will stay well under control despite some expected pressure. The rupiah is forecasted to hold stable while inflation is predicted to stay on track with the government-mandated inflation target of 6%-7%.