| Indonesian central bank cuts rate to 9.25% |
JAKARTA, Feb. 6 (Xinhua) -- The Indonesian central bank Tuesday cut the benchmark interest rate by 25 basis points to 9.25 percent after President Susilo Bambang Yudhoyono in his speech to the nation earlier this month called for lower interest to encourage businesses.
Central bank spokesman Budi Mulya said the latest cut, the ninth since May last year, was aimed at reducing borrowing costs in commercial banks.
The move also followed government announcement of a tamed inflation rate of 6.26 percent in January.
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