Indonesia central bank to set policy to favour economic growth

JAKARTA: Bank Indonesia's governor Perry Warjiyo said on Monday the central bank's stance was now to support economic growth compared with its previous position, which was largely aimed at keeping the financial system stable.

"Starting this year the interest rate and the four other tools are set on pro-growth, that is why we have cut interest rates twice," Warjiyo said in a business seminar.

BI surprised markets last week by lowering its key interest rate by 25 bps for the second time in two months.