Indonesia’s cuts interest rate to 4.5%

Here is the official translation of the central bank's statement. The original was in Indonesian:

The BI Board of Governors agreed on 21st - 22nd of August 2017 to lower the BI 7-day Reverse Repo Rate 25 basis points (bps) from 4.75 percent to 4.50 percent, while also lowering the Deposit and Lending Facility rates 25 bps to 3.75 percent and 5.25 percent respectively, effective 23rd August 2017.

This will be followed by a decrease in interest rates on other monetary instruments.

The decision was consistent with the rooms for monetary policy easing, as evidenced by low inflation with 2017 and 2018 inflation projected within the target range, and current account deficit under control within a healthy range

http://timesofindia.indiatimes.com/business/international-business/indonesia-c-bank-surprises-with-rate-cut-in-bid-to-spur-growth/articleshow/60179086.cms