By the end of 2006, the inflation rate was recorded at 6.6% (y-o-y); below the targeted rate of 8±1% set by the Government and Bank Indonesia. Success in controlling inflation in 2006 also reveals that monetary policy was able to mitigate the second round effects of soaring global oil prices at the end of 2005 on inflation expectations (See Graph 1)1.
Lenders report that 95,000 accounts (or 13 per cent of all PDH mortgage loans) representing € of lending, currently have a shortfall in repaying the balance at the end of their term, two thirds of which have a shortfall of greater than 10%, the majority of which have not been restructured.15 The vast majority of this distress pre-dates the pandemic.