Indonesia's annual inflation rate remains at 2.12% in August, within Bank of Indonesia's target range.
In August, Indonesia's annual inflation rate held steady at 2.12%, aligning with the Bank of Indonesia's target range of 1.5% to 3.5% and matching market expectations. This marks the lowest monthly rate since February and is slightly above the core inflation rate of 2.02%. The central bank maintains high interest rates to stabilize the rupiah and may consider easing monetary policy to bolster economic growth in the upcoming quarter.
September 02, 2024
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