Indonesia Central Bank Makes Third Rate Cut This Year
JAKARTA: Indonesia’s central bank on Thursday delivered its third interest rate cut this year, as expected, seeking to boost support for Southeast Asia’s largest economy amid a coronavirus-induced downturn.
Bank Indonesia (BI) cut the benchmark 7-day reverse repurchase rate by 25 basis points to 4.25%, the lowest since 2018, as forecast by 18 of 30 economists in a Reuters poll. Eleven others had predicted no change, while one expected a bigger cut. Read more…………..
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