India, July 16 -- Indonesia's central bank reduced its benchmark interest rate for the third time this year on Wednesday, to support economic growth amid slowing inflation and continued stability in the rupiah exchange rate.
The Bank Indonesia board, led by Governor Perry Warjiyo, decided to reduce the BI rate by 25 basis points to 5.25 percent. The bank had lowered its policy rate in January and May.
Both the deposit facility rate and the lending facility rate were also lowered by 25 bps each to 4.50 percent and 6.00 percent, respectively.
The bank said the decision was consistent with lower inflation forecast for 2025 and 2026, the currency exchange rate stability, and the need to stimulate economic growth.
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