Indonesia Cuts Key Rates By 25 Bps


(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

This post was originally published on this site