Indonesia’s annual inflation rose above the central bank’s target range to 4.35% in June from 3.55% in May, the highest reading since June 2017. Last week, the country’s central bank held its benchmark interest rate at 3.5%. The central bank may leave its benchmark interest rate unchanged in July, as it signaled that core inflation is the key focus and this indicator remains below 3%. Meanwhile, the country raised its palm oil export quotas, as the government has been trying to revive exports following a temporary ban in April and May that reduced palm oil shipments by more than 50%.