AFP, Jakarta :
Indonesia’s central bank cut interest rates for the fourth month in a row on Thursday as Southeast Asia’s biggest economy looks to counter slowing global growth.
Bank Indonesia (BI) lowered its key lending rate by 25 basis points to 5.0 percent, prompting speculation that more cuts could be in store as central banks around the world adopt softer monetary policies.
“This policy is consistent with low inflation expectations… and is a pre-emptive measure to boost momentum at home amid a global economic slowdown,” bank governor Perry Warjiyo said.
On Thursday, Indonesia’s main stock index headed for a tenth straight rise in what would be the longest run of gains since 1995, according to Bloomberg, on hopes for business-friendly reforms as President Joko Widodo kicked off a second term.
Indonesia’s central bank cut interest rates for the fourth month in a row on Thursday as Southeast Asia’s biggest economy looks to counter slowing global growth.
Bank Indonesia (BI) lowered its key lending rate by 25 basis points to 5.0 percent, prompting speculation that more cuts could be in store as central banks around the world adopt softer monetary policies.
“This policy is consistent with low inflation expectations… and is a pre-emptive measure to boost momentum at home amid a global economic slowdown,” bank governor Perry Warjiyo said.
On Thursday, Indonesia’s main stock index headed for a tenth straight rise in what would be the longest run of gains since 1995, according to Bloomberg, on hopes for business-friendly reforms as President Joko Widodo kicked off a second term.
