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Jakarta, (ANTARA News) - Bank Indonesia (the central bank/BI) is likely to take a bold decision at the next meeting of its board of governors to send a positive signal to the market that it cares about easing the prevailing inflationary pressure.

"We must take a decision to give a signal to the market that BI cares about easing the inflationary pressure," BI Senior Deputy Governor Miranda S Goeltom said on Tuesday.

BI would always monitor the inflationary pressure in the months ahead and would give appropriate responses to it, she said.

"But right now I cannot say to what extent BI will respond to it," she said.

The Central Bureau of Statistics (BPS) said on Monday the on-month inflation rate in May jumped to 1.41 percent, bringing the calendar year inflation rate to 5.47 percent and the on-year inflation rate to 10.38 percent.

BPS Chief Rusman Heriawan said the fuel oil price hikes effective as of May 24 were partly responsible for the May inflation rate.

The fuel oil price hikes contributed 0.33 percent to the May inflation rate which was also fueled by uncertainty about the government`s plan to raise fuel oil prices that gave rise to speculations and a surge in the prices of goods and services ahead of the fuel oil price hikes.

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