Indonesia's central bank surprises with rate cut, raises GDP outlook

Indonesia's central bank surprises with rate cut, raises GDP outlook

JAKARTA : 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

Indonesia’s central bank announces surprise rate cut

The decision comes after Indonesia recorded positive Q2 economic results of more than 5% growth.