Indonesia’s central bank cut its policy rate for a second successive month on August 22, saying it aims to boost economic growth against global headwinds.
Bank Indonesia cut the seven-day reverse repo rate by 25 basis points to 5.5%, after it slashed the rate from 6% in July, the first easing in two years. The central bank raised policy rates by a total of 175 basis points last year. Indonesia’s president is also pledging to boost growth by fiscal means, observers note.
The central bank says