Indonesia's central bank delivered its first rate cut in more than three years on Wednesday, just hours ahead of the widely expected start of the U.S. Federal Reserve's easing cycle in efforts to bolster growth in Southeast Asia's largest economy.

Bank Indonesia has joined the growing ranks of central banks that are lowering rates, delivering a cut on the cusp of a Federal Reserve meeting that could start the easing cycle in the U.S.

JAKARTA] Bank Indonesia (BI) unexpectedly cut its benchmark interest rate on Wednesday (Sep 18), marking its first reduction since February 2021. Read more at The Business Times.