Indonesia's central bank cuts rate to spur growth

Indonesia's central bank unexpectedly cut its key interest rate by 25 basis points on Tuesday to spur growth as inflation slowed in Southeast Asia's biggest economy. "The policy is taken because Bank Indonesia is confident that inflation will remain under control," the central bank said in a statement. It said it expects this year's inflation to be in the lower end of the 3-5 percent target range. "The imports volume was surprisingly low in January, and this means t