Low Inflation Shows Bank Indonesia Is Coordinating on Policy
- Central bank, government responding to price pressures
- Most economists predict interest rate to stay unchanged Friday
UBS' Teather Sees no Change for Bank Indonesia
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In a country with a history of high and volatile inflation rates, it’s been a period of relative calm in Indonesia.
Price pressures, particularly for food, have been unusually subdued this year, contributing to a favorable economic environment that’s fueled record bond inflows into Indonesia and enabled the central bank to resume cutting interest rates.