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Indonesia chief econ minister says there is room for interest rate cut

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Indonesia's chief economic minister said on Wednesday the central bank has room to cut interest rates after inflation eased to 6.25 per cent in October.

[JAKARTA] Indonesia's chief economic minister said on Wednesday the central bank has room to cut interest rates after inflation eased to 6.25 per cent in October.

"I say there is a chance (for a rate cut)," Coordinating Minister of Economics Darmin Nasution told reporters, citing cooling inflation and a shrinking current account deficit.

The central bank will next meet to decide monetary policy on Nov 17. In last month's meeting, it said it saw economic pressure receding and there might be room to ease monetary policy in the future.

REUTERS