The Central Bank of Indonesia cuts the key interest rate to 3.75% to support the national economic recovery as the global economic uncertainty is easing down and Indonesia recorded an improved economic contraction in the third quarter of 2020. According to the Central Bureau of Statistics (BPS), Indonesia’s economy grew by 5.05% (qoq) in the third quarter of 2020 although the annual growth remained contracted at minus 3.49% in the third quarter and minus 5.32% in the second quarter.