Indonesia’s inflation slowed for a fourth straight month in December to the lowest level since March 2010, an easing that may give the central bank scope to cut interest rates further.

Consumer prices rose 3.79 percent from a year earlier in December, the Central Bureau of Statistics said in Jakarta on Monday. That compares with the 3.86 percent median estimate of 14 economists surveyed by Bloomberg News. Inflation was 4.15 percent in November.

Bank Indonesia Governor Darmin Nasution and his board left the nation’s benchmark interest rate at 6 percent last month after cuts in October and November, joining New Zealand and South Korea in holding borrowing costs as Europe’s growth prospects deteriorated. Price pressures are easing in the Asia- Pacific region as demand for exports slows.