Indonesia cuts benchmark rate to 7.25 pct
Indonesia's central bank on January 14 cut its benchmark interest rate by 0.25 percent to 7.25 percent to support the country’ economic growth.
BI headquaters (Source: cenkindo.com)Jakarta (VNA) - Indonesia's central bank on January 14 cut its benchmark interest rate by 0.25 percent to 7.25 percent to support the country’ economic growth.
The rate move marked the first rate change in 11 months.
Indonesian economy has seen a growth rate exceeding 5 percent in recent years, except for 2009 due to the global sluggish growth.
The country’s growth last year recorded the slowest pace since 2009.
It came on a day when at least seven people were killed in explosions and gunfire.
Experts said no connection was seen between the two events.-VNA
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