Indonesia Cuts Key Rates By 25 Bps

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(RTTNews) – Indonesia's central bank reduced its key interest rates by 25 basis points to underpin economic recovery.

The Board of Governors of Bank Indonesia decided to cut the BI 7-day reverse repo rate to 3.75 percent from 4.00 percent.

The bank has reduced the rate by five times so this year, by a cumulative 125 basis points.

A Global Asset Management Seoul Korea Magazine

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