Indonesia’s central bank cuts the benchmark interest rate earlier than expected to 6.0%
• Bank Indonesia (BI) trimmed the benchmark interest rate by 0.25% to 6.0 percent at its meeting on September 18, 2024, marking the first rate cut in three years, and defying market expectations.
• This rate cut reflects IB's shift in focus towards supporting Indonesia's economic growth amid easing pressure from the Rupiah’s depreciation.
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