The central bank on Thursday lowered its forecast for global growth to 3% from 3.1%, and sees the domestic economy expanding 5%-5.4% this year.
JAKARTA: Indonesia’s central bank cut its benchmark interest rate after a three-month pause as the spread of the coronavirus threatens growth in South-East Asia’s biggest economy.
Bank Indonesia lowered the seven-day reverse repurchase rate by 25 basis points to 4.75% yesterday, joining a string of other central banks around the region that have eased policy in recent weeks to counter the impact of the virus.
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