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Indonesian CB sees annual inflation to ease in next 2 months

02-10-2012 17:23 BJT

JAKARTA, Feb. 10 (Xinhua) -- Indonesian central bank (CB) governor Darmin Nasution said on Friday that the country's annual inflation is going to decrease or steady in the next two months.

For the whole of this year, inflation was going to stand within the range of the bank target of 4.5 percent to 5.5 percent, though the government aimed to bar private cars from consuming subsidized fuels on April 1 or raise oil prices.

Indonesia's consumer prices index eased to 3.65 percent in January on yearly basis after accelerating at 3.79 percent in December 2011.

The governor said that the bank forecast the economy tended to expand lower level of the bank target of 6.3 percent to 6.7 lower level of the bank target of 6.3 percent to 6.7 percent this year as the debt crisis in Europe hit Indonesia's exports harder.

Indonesian central bank on Thursday unexpectedly trimmed its benchmark interest rate by 25 basis points to 5.75 percent after keeping it on hold for two months to spur economic growth amid gloomy global economy.

The central bank cut its basic rate by 75 basis points in October and November last year to 6 percent to protect the economy from the gloomy global economy.

Editor:Wang Lingfei |Source: Xinhua

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