Indonesian central bank makes first rate cut in two years

Bank Indonesia
The Indonesian central bank
Christopher Jeffery

Indonesia’s central bank lowered its benchmark rate, the seven-day repo rate, by 25 basis points to 5.75% today (18 July) – its first cut in nearly two years.

“The policy is consistent with low inflation expectations and the need to build economic growth momentum amidst a backdrop of easing global financial market uncertainty and controlled external stability,” says the central bank in a statement.

This is the first cut by Bank Indonesia after seven consecutive meetings. The central bank

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