Indonesia central bank to relax lending rules, sees room for more rate cuts

JAKARTA: Indonesia's central bank is working to further relax lending rules and may further trim interest rates after this year's four rate cuts, as it continues to focus its policy on keeping economic growth momentum, a deputy governor said on Tuesday.

This year, Bank Indonesia (BI) has already cut its key benchmark rate by a total of 100 basis points, trimmed reserve requirement ratios and eased lending rules, among measures aimed at shielding Southeast Asia's largest economy from a global economic slowdown.