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JAKARTA- Indonesia’s October headline and core inflation rates came in slightly above expectations, official data showed on Friday, but they remain relatively low and reinforce analysts’ views that the central bank has room for further monetary easing.
Bank Indonesia (BI) cut interest rates in September and its governor has said it might further ease monetary policy given inflation is expected to stay low until 2025, but the timing of the next rate cut may depend on global market conditions. Its next policy meeting is on Nov. 19-20.
The October headline inflation rate was 1.71 percent, Statistics Indonesia said, easing from 1.84 percent in September and a touch above the 1.68 percent predicted by analysts polled by Reuters.
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