Australia's central bank is cautious about cutting rates further given cost pressures in a hot labour market, but it will respond if inflation slows more quickly than expected, senior officials said on Friday.

The Reserve Bank of Australia cut interest rates for the first time since 2020 on Tuesday, joining its international counterparts in the global easing cycle.

JAKARTA] Bank Indonesia (BI) is maintaining its benchmark interest rate at 5.75 per cent following its latest meeting and putting a pause to its easing cycle. It pledged to work consistently towards keeping inflation under control and to stabilise the rupiah amid global uncertainties.