Indonesia's central bank cuts key interest rate to 5.75 pct


By Hayati

JAKARTA, Jan. 15 (Xinhua) -- Indonesia's central bank has cut its benchmark banking interest rate by 25 basis points to 5.75 percent, Bank Indonesia said on Wednesday.

The decision was made following a two-day meeting of the Bank Indonesia Board of Governors on Tuesday and Wednesday, which also reduced deposit and loan facility rates by 25 basis points to 5.00 percent and 6.50 percent, respectively.

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