Bank Indonesia cuts benchmark interest rate

Bank Indonesia, the country's central bank, has cut its benchmark interest rate by a further 25 basis points to 8.25%, the governor Burhanuddin Abdullah announced on 5 July.

The rate cut had been widely anticipated after better than expected inflation data for last month. Indonesia's Central Bureau of Statistics reported on 2 July that the consumer price index rose 5.77% year-on-year in June, the first time that the increase has been under 6% this year.

Bank Indonesia has now cut its key bench

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