Bank Indonesia lowered the seven-day reverse repurchase rate by 25 basis points to 5% Thursday, as predicted by 23 out of 30 economists surveyed by Bloomberg.
JAKARTA: Indonesia’s central bank cut its key interest rate for a fourth straight month to spur the economy amid a deteriorating outlook for global growth.
Bank Indonesia lowered the seven-day reverse repurchase rate by 25 basis points to 5% Thursday, as predicted by 23 out of 30 economists surveyed by Bloomberg. The rest had forecast no change.
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