A senior official at Indonesia's central bank on Friday said the bank cannot cut its benchmark interest rate to as low as 4 percent if annual inflation stays around 4 percent.

Indonesia's central bank on Thursday cut its benchmark interest rate by 25 basis points to 7.00 percent, its second cut this year to prop up economic growth.

Bank Indonesia will adopt a new benchmark rate in August, a measure aimed at accelerating transmission of monetary policy to the economy, Governor Agus Martowardojo said Friday.

(Yicai Global) Nov. 19 -- China's central bank has renewed its currency swap contract with Bank Indonesia to keep the financial market stable, the Chinese entity said in a statement today. The ...