- Indonesia’s annual inflation eased to 6.04% MoM in May from 7.31% in April. Economist had expected a rate of 6.2%.
- MoM consumer prices were up 0.04% in May following a decrease of 0.31% in April.
- Exports dropped 22.55% YoY in April.
- MoM exports dropped 1.81% in March.
- Imports fell 2.58% in March MoM.
- Given the fall in inflation and exports, most economists predict Bank of Indonesia to cut its key rate by 25 basis points to 7% on Monetary policy announcements on Wednesday.
Source: RTT News
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