Indonesia c.bank Cuts Benchmark Rate to 7.25 Pct

Indonesia’s central bank on Thursday cut its benchmark interest rate by 25 basis points to 7.25 percent to support sagging economic growth, the first rate change in 11 months.

Bank Indonesia (BI) also cut its overnight deposit facility rate and lending facility rate by 25 basis points to 5.25 percent and 7.75 percent, respectively.

Reuters

Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.