Indonesia's inflation rate cools in May, comes in below forecast
JAKARTA - Indonesia's annual inflation rate eased more than expected in May, data from the statistics bureau showed on Monday, remaining within the central bank's 1.5% to 3.5% target range.
Inflation has stayed within Bank Indonesia's target range since the middle of last year. The central bank has delivered a cumulative 275 basis point rate hikes since mid-2022. BI's last rate hike in April was in response to the rupiah falling to its lowest against the dollar since 2020.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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