Indonesia Central Bank Cuts Benchmark Rate, Welcomes US Tariff Deal

Indonesia's central bank cut rates on Wednesday for the fourth time since September and said a revised tariff deal with the United States was positive for Southeast Asia's biggest economy amid weakening global trade and slowing domestic demand.

Bank Indonesia (BI) cut the benchmark 7-day reverse repurchase rate by 25 basis points to 5.25%, as expected by a slim majority of economists polled by Reuters, and also cut two other key rates.

Governor Perry Warjiyo said the central bank would continue to observe room for more rate cuts, citing an expectation of low inflation...

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