Indonesia inflation: Well-contained - ANZ

Dhwani Mehta FXStreet

According to the analysts at Australia and New Zealand Banking Group (ANZ), the Indonesian inflation continue to soften last month, despite the rise in the food prices.

Key Quotes:

“Indonesia’s headline inflation edged down for the third straight month in November, to 3.00% y/y, the lowest reading since April.

Although food price inflation ticked up, most other major categories recorded a slower pace of increase.

The combination of contained inflation and sluggish growth suggests that Bank Indonesia is likely to retain an easing bias; we see scope for one more 25bp cut in the current easing cycle.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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