Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Indonesia’s Inflation Trends: Headline Eases, Core Inflation Surges
October Inflation Overview
Indonesia's headline inflation rate eased to 1.71% in October, down from 1.84% in September. This rate aligns closely with analysts' forecast of 1.68% from a recent Reuters poll. It marks the lowest rate since October 2021, signaling some cooling in broader inflation trends.
Rising Core Inflation Reflects Demand Pressures
Despite the overall dip in headline inflation, core inflation—which excludes volatile food and government-regulated prices—jumped to 2.21% in October, up from 2.09% in September. This core inflation rate is the highest recorded since July 2023, defying analysts’ expectations for a stable figure and indicating increased demand pressures.
Bank Indonesia's Policy Outlook
The headline inflation rate remains within Bank Indonesia’s (BI) target range of 1.5% to 3.5%. Although BI lacks a specific target for core inflation, it considers core inflation trends in shaping monetary policy. Following an interest rate cut in September, BI Governor Perry Warjiyo has hinted at the potential for further cuts if inflation remains controlled, with the timing largely influenced by global economic conditions.
Outlook for 2025
BI anticipates maintaining low inflation through 2025. However, the recent rise in core inflation could signal a need for cautious policy adjustments in response to global market dynamics and domestic demand trends.
