Indonesia’s president says ‘monetary position’ under control

JAKARTA (Reuters) – Indonesia’s inflation is still under control even after a rise in fuel prices, President Joko Widodo said on Tuesday, noting September’s inflation rate of 5.95%.

Speaking at an investment forum, the president also said that interest rates had risen by 75 basis points this year. “This means our monetary position is still in a position we can control.”

(Reporting by Ananda Teresia and Stefanno Sulaiman; Editing by Ed Davies)