Bank Indonesia cuts interest rate unexpectedly to boost economic growth amid volatility.

Bank Indonesia, the country's central bank, unexpectedly cut its benchmark interest rate by 25 basis points to 5.75%, its first reduction since September. This move aims to boost economic growth in Indonesia despite ongoing financial market volatility and a weakening currency. The decision contradicted economists' expectations and comes as Indonesia seeks to stabilize its economy and inflation, which is near target levels.

2 months ago
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