KONTAN.CO.ID - JAKARTA. Indonesia's central bank is in no rush to hike interest rates, its governor said on Friday, even as June consumer prices rose at the fastest pace in five years, topping forecasts and breaching its target range amid a surge in food prices.
June's annual inflation rate accelerated to 4.35%, the highest since June 2017 and above the 4.17% forecast in a Reuters poll. Last month's figure was 3.55%.
Bank Indonesia's (BI) target range is 2% to 4%.