INSTANT VIEW 1-Indonesia's Oct CPI up 2.57 percent yr/yr - News

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INSTANT VIEW 1-Indonesia's Oct CPI up 2.57 percent yr/yr

By: AFX | 02 Nov 2009 | 02:11 AM ET

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JAKARTA, Nov 2 (Reuters) - Indonesia's annual inflation eased more than expected in October to 2.57 percent from 2.83 percent in September, data showed on Monday. All analysts surveyed by Reuters last week had predicted annual inflation at 2.82 percent in October. They also expected the central bank to keep its benchmark overnight interest rate at a record-low of 6.5 percent for a third month in a row when it reviews its rate policy on Wednesday. KEY POINTS: - October CPI up 2.57 percent from a year ago, forecast 2.82 percent. - October CPI up 0.19 percent m/m, against 0.44 percent rise forecast - October core inflation 4.52 percent from a year earlier, versus forecast 4.80 percent. COMMENTARY: MARKET REACTION: - The rupiah was little changed at 9,580 per dollar at 0650 GMT after the data announcement. - The Indonesia Composite Index was down 0.64 percent at 0655 GMT, compared with a 1.25 percent fall before the data announcement. LINKS: - For more data, Indonesia's statistics bureau website is: http://www.bps.go.id. - For a breakdown of consumer price inflation, please click on BACKGROUND: * On Oct 22, central bank Senior Deputy Governor Darmin Nasution said annual inflation in October would not be high and year-end inflation may fall to below 4 percent. * The central bank has forecast the economy to grow between 4-4.5 percent this year, more optimistic than its previous estimates of 3.5-4 percent range. (Reporting by Adriana Nina Kusuma, Sonya Angraini and Dicky Kristanto; Editing by Ed Davies) ((ga.arka@thomsonreuters.com; Reuters Messaging: ga.arka.reuters.com@reuters.net; +62 21 384 6364 ext 911)) Keywords: INDONESIA ECONOMY/INFLATION (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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