Indonesia's Central Bank Sees August Inflation at 7.08 Percent Year-On-Year

New Zealand said on Wednesday (19/04) it will tighten access to its skilled work visas, just a day after the United States and neighboring Australia announced similar restrictions on immigration. (Reuters Photo/Beawiharta)

By : Reuters | on 2:08 PM August 28, 2015
Category : Business, Economy

Jakarta. Indonesia's central bank expects the annual inflation rate in August to ease to 7.08 percent from July's 7.26 percent, its governor told reporters on Friday.

Governor Agus Martowardojo said consumer prices probably rose 0.3 percent month-on-month.

The central bank will have more room to cut rates later this year as inflation cools, but adjustments will be gradual, economists have said.