JAKARTA: Indonesia’s inflation rate cooled in August in a rare bit of welcome news for the central bank, but economists say policy uncertainty in China and the United States is likely to keep policymakers from cutting interest rates any time soon.
Annual inflation eased to 7.18% in August from 7.26% in July, data from the statistics bureau showed yesterday. A Reuters poll had predicted inflation would pick up to 7.43%.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!