Indonesia Inflation Rate Drops to Lowest in Almost a Decade (1).

Inflation in Indonesia eased to a near-decade low, boosting odds that the next interest rate move by policy makers in Southeast Asia's biggest economy could be down. The inflation slowdown gives policy makers further reason to call an end to an aggressive tightening cycle -- a total 175 basis points of rate hikes since May. Enrico Tanuwidjaja, the head of economics and research for PT UOB Indonesia in Jakarta, said inflation may remain benign for a while and that the case for Bank Indonesia to begin cutting rates has strengthened. [Extracted from the article]