JAKARTA: Indonesia's central bank cut interest rates on Thursday to a record low as it stepped up efforts to help the coronavirus-hit economy out of its first recession in over 20 years.
Bank Indonesia (BI) cut the 7-day reverse repurchase rate by 25 basis points to 3.75%, against expectations of a majority of economists in a Reuters poll.
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!