Indonesian Central bank cuts rate benchmark to 7.25%

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JAKARTA, May 5 (Xinhua) -- Indonesian central bank (BI) Tuesday reduced rate benchmark by 25 basis points to 7.25 percent, a BI senior official said here.

"The decision to reduce the rate benchmark was conducted after governor board learning the ongoing economy developments in domestic and international markets," the Detik.com quoted Strategic Planning and Public Relations Director at BI Dyah Makhijani as saying on Tuesday.

She said that it was the lowest benchmark rate in the last four months. On April 3, BI cut 25 basis points of the rate benchmark to 7.50 percent.