Indonesian President Joko Widodo addressed deflation in Sept 2024, as Bank Indonesia cut interest rates.

Indonesian President Joko Widodo emphasized the need to manage inflation and deflation to ensure price stability, as the country experienced its fifth consecutive month of deflation in September 2024, with prices down 0.12% month-on-month. Annual inflation dropped to 1.84%, the lowest since November 2021. Bank Indonesia recently cut its key interest rate by 0.25 percentage points, with potential for further adjustments pending external economic developments.

October 06, 2024
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