Bank Indonesia unexpectedly cut its benchmark interest rate by 25 basis points to 5.75%, marking its first rate cut since September 2024. The markets were widely anticipating that the rate would remain unchanged at 6% for a fourth consecutive meeting.

Bank of France Governor Francois Villeroy de Galhau recommended on Wednesday that the government lower the regulated interest rate on popular tax-free savings accounts, offering French banks relief from payouts that exceed those offered by European peers.

Chile’s central bank said its future monetary policy decisions should consider significant risks including short-term inflation challenges, according to the minutes to its last key rate meeting.

Indonesia’s central bank has unexpectedly cut interest rates despite a weakening rupiah, citing slowing growth momentum in south-east Asia’s largest economy. Bank Indonesia on Wednesday reduced its benchmark interest rate by 0.

Indonesia unexpectedly reduced its key interest rate in its first monetary policy decision this year, moving to bolster economic growth even after the local currency recently weakened beyond the key level of 16,