JAKARTA -- Indonesia's central bank decided on Wednesday to cut its benchmark interest rate for the first time since February 2021 by 25 basis points (0.25%) to 6%, after hiking it steadily since the post-COVID economic recovery.
Economy
Indonesia's central bank cuts rate to boost economic growth
Bank Indonesia trims policy rate by 0.25% in first lowering since 2021
Indonesia's Central Bank Governor Perry Warjiyo expects inflation to remain low for the rest of the year and in 2025. © Reuters
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