Indonesia, Thailand show less inflation pressure

JAKARTA: Consumer prices in Indonesia and Thailand grew at a slower pace than economists predicted last month, giving central banks in South-East Asia’s two biggest economies scope to keep interest rates low for longer.

Annual inflation in Indonesia was 3.6% in March, compared with the median estimate of 3.8% in a Bloomberg survey of 19 economists. In Thailand, the measure was 0.8% versus a projection of 1.3%.