JAKARTA: Indonesia’s central bank cut its key interest rate for a third straight month to bolster growth amid a deepening global economic slowdown.
The seven-day reverse repurchase rate was lowered by 25 basis points to 5.25% Thursday, as predicted by 21 out of 28 economists surveyed by Bloomberg. The rest forecast no change.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!