Indonesia unexpectedly cuts rates and lowers growth forecast

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Financial Times 13h ago

Indonesia unexpectedly cuts rates and lowers growth forecast - Financial Times

Quick Summary:

Inflation in December came in at 1.57 per cent on the previous year, at the lower end of the central bank’s target annual range of 1.5 to 3.5 per cent.

The central bank’s move underscored a focus on improving economic performance in Indonesia, whose vast nickel reserves have made the country a critical player in the global supply chain for stainless steel and electric vehicles.

Warjiyo added that the central bank would “continue to look for any room for interest rate cuts, in accordance with global and national dynamics”.