Indonesia Central Bank Makes Third Rate Cut This Year

Indonesia Central Bank Makes Third Rate Cut This Year

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…………..

Chart Of The Day

ICARUS TV

PineBridge Investments Global Head of Equities Anik Sen joins Yahoo Finance’s On The Move panel to break down how markets are faring amid the COVID-19 pandemic.

Share This Post

Leave a Reply