georgemiller
Publish Date: Wed, 20 Aug 2025, 07:41 AM

JAKARTA, Aug 20 (Reuters) - Indonesia's central bank cut interest rates in a surprise move on Wednesday, stepping up support for Southeast Asia's largest economy against a backdrop of global uncertainties.
Bank Indonesia (BI) trimmed the benchmark 7-day reverse repurchase rate (IDCBRR=ECI) , opens new tab by 25 basis points to 5.00%, its fifth rate cut since September taking the rate to its lowest level since late 2022.
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Only five of 29 economists polled by Reuters had expected a cut on Wednesday. The rest expected rates to be held steady.
The overnight deposit (IDCBID=ECI) , opens new tab and lending (IDCBIL=ECI) , opens new tab rates were also cut by the same amount to 4.25% and 5.75%, respectively.
https://www.reuters.com/world/asia-pacific/indonesias-central-bank-surprises-with-rate-cut-2025-08-20/