JAKARTA, Aug 20 (Reuters) – Indonesia’s central bank cut interest rates again in a surprise move on Wednesday and flagged it could cut some more, as it stepped up support for Southeast Asia’s largest economy against the backdrop of global uncertainties.
Bank Indonesia (BI) trimmed the benchmark 7-day reverse repurchase rate (IDCBRR=ECI), opens new tab by 25 basis points to 5.00%, its fifth rate cut since September, taking it to its lowest level since late 2022.
