Bank Indonesia signals possible further rate cuts to spur growth, stabilize inflation

JAKARTA, July 4 (Xinhua) -- Indonesia's central bank may lower its benchmark interest rate again to control inflation and stimulate economic growth, Bank Indonesia (BI) Governor Perry Warjiyo said on Thursday.

Bank Indonesia previously cut the benchmark rate by 25 basis points each in January and May, bringing it to 5.50 percent.

For 2026, inflation is projected to range between 1.5 percent and 3.5 percent, while national economic growth is expected to reach between 4.7 percent and 5.5 percent.

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