Bank Indonesia (B.I.) reduced its 7-day reverse repo rate by 25bps to 5.25% during its September meeting, in an attempt to boost economic growth amid low inflation expectations. It was the third straight cut in three months, amid growing concerns about global growth due to continued trade tensions and a number of geopolitical risks. The overnight deposit and lending facilities were also trimmed by the same amount to 4.50% and 6.00%, respectively.
