Indonesia seen cutting rates again amid pandemic


  • Indonesia Premium
  • Tuesday, 14 Apr 2020

JAKARTA: Indonesia’s central bank on Tuesday (April 14) said it is expected to lower borrowing costs for a third straight month as policy makers take unprecedented steps to bolster the economy amid the Covid-19 (coronavirus) pandemic.

Bank Indonesia will cut its benchmark rate by 25 basis points Tuesday to 4.25%, according to 18 of 28 economists surveyed by Bloomberg. One economist predicted a 50 basis-point cut, while nine expect no change.

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Indonesia , Cut Rates , Borrowing , Covid-19 , Measures

   

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