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Economy

Bank Indonesia lowers policy rate to 4.25%

Second month of rate cuts shows confidence to ride out US monetary shifts

Bank Indonesia Governor Agus Martowardojo, center, along with Senior Deputy Governor Mirza Adityaswara, left, and Deputy Governor Perry Warjiyo attend a news conference at the bank's headquarters in Jakarta on Aug. 22.   © Antara Foto/Reuters

JAKARTA -- Indonesia's central bank cut its policy interest rate Friday for the second month in a row, signaling its growing confidence in navigating U.S. monetary tightening and controlling inflation at home.

Bank Indonesia lowered the seven-day reverse repo rate by 0.25 percent to 4.25%, following a 0.25 percentage cut last month.

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