突发！降息25基点

Core Viewpoint - Indonesia's central bank unexpectedly cut interest rates by 25 basis points to 4.75%, marking a shift towards pro-growth policies despite currency depreciation and recent protests [1][3][5] Group 1: Monetary Policy Actions - The central bank has lowered the benchmark interest rate by a total of 150 basis points over the past 12 months, with three consecutive meetings focused on easing monetary policy [1][5] - The decision to cut rates reflects a prioritization of economic growth over currency stability, as indicated by the central bank's commitment to monitor economic growth and inflation while considering further rate cuts [5][6] Group 2: Economic Context - Indonesia's economy is facing pressures from weak consumption, credit, and foreign direct investment, compounded by recent political unrest and layoffs [6][7] - The new finance minister plans to inject approximately $12 billion to stimulate credit expansion, which is expected to complement the central bank's policies [6] Group 3: Market Reactions - Following the rate cut, Indonesia's stock market rose, and bond yields decreased, while the Indonesian rupiah showed slight strengthening against the US dollar [3][6] - Analysts suggest that further rate cuts may occur throughout the remainder of the year, potentially extending into 2026 to support economic growth [6][8]