Jakarta - Indonesia's central bank on Thursday lowered its key interest rate by 25 basis points to 9.25 per cent, an unexpected move aimed at helping shield its economy from the global financial crisis.
It was the first cut since Bank Indonesia lowered its key interest rate in December.
"The decision to cut the rate was taken after evaluating financial and economic prospects, both in the domestic and global market," the central bank said in a statement.
The bank said it hoped the rate cut would help maintain domestic economic stability amid the global economic meltdown.