Indonesia's central bank unexpectedly cuts key rate to boost economy
Indonesia's central bank has cut its key policy rate for the third time in a row — a move that caught many economists by surprise. Bank Indonesia cut its benchmark interest rates by 25 basis points, bringing its total policy easing over the past 12 months to 150 basis points. The central bank said it is taking an all-out approach to economic growth, as Indonesia contends with weak consumption and uncertainties from US tariffs.
Indonesia's central bank has cut its key policy rate for the third time in a row — a move that caught many economists by surprise. Bank Indonesia cut its benchmark interest rates by 25 basis points, bringing its total policy easing over the past 12 months to 150 basis points. The central bank said it is taking an all-out approach to economic growth, as Indonesia contends with weak consumption and uncertainties from US tariffs.
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