Indonesia cbank gov sees inflation slowing to 5 pct by end-2011

Bank Indonesia Governor Darmin Nasution said on Friday he expected annual inflation to slow to reach 5 percent by the end of 2011, within the central bank's target range of 4-6 percent.
"Looking at the figures and the trend, inflation will slow down and move to hit five percent at year-end," Nasution told reporters after June inflation data.

The annual consumer price index in June eased to a one-year low of 5.54 percent, the data showed earlier on Friday . The slowing inflation and Nasution's comments underline economists' expectations that Bank Indonesia may now be able to leave rates on hold at 6.75 percent all year. Source: Reuters