Indonesia’s consumer price inflation slowed in May, data from the statistics bureau showed on Tuesday. Consumer prices climbed 2.19 percent year-on-year in May, following a 2.67 percent increase in April. Economists had expected a 2.7 percent rise. The latest inflation was mainly driven by an increase… [Read more…][1]
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Australia’s central bank left its key interest rate and the target yield on three-year government bonds unchanged on Tuesday, as policymakers expect the economic downturn to be less severe than expected earlier. At the monetary policy meeting, the board of Reserve Bank of Australia, governed by Philip Lowe, decided to maintain cash rate and the targeted yield on three-year government bonds. [Read more…][3]
The manufacturing sector in Indonesia continued to contract in May, albeit at a lightly slower pace, the latest survey from IHS Markit showed on Tuesday with a manufacturing PMI score of 28.6. That’s up from the record low of 27.5 in April, but it remains substantially beneath the boom-or-bust line… [Read more…][4]
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- www.rttnews.com/3100529/indonesia-inflation-slows-in-may.aspx?type=aeco
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