(From the Jakarta Post). The IMF has hopes on the 2004's Indonesia:

Indonesia may see inflation of only 5.0 percent in 2004 amid falling interest rates, lower than the 6.5 percent forecast by the government, International Monetary Fund (IMF) country director David Nellor said Monday.

"I have some optimism on the inflation outlook this year. It must be better than the budget projection," Nellor told reprters at the Ministry of Finance when giving his inflation estimate of 5.0 percent for 2004.

Inflation hit a four-year low of 5.06 percent in 2003, with the benchmark interest rate of one-month Bank Indonesia Certificates (SBI) ending the year at 8.31 percent.

Bank Indonesia estimates 2004 inflation at 5.0-6.0 percent, also better than the government's forecast...