KONTAN.CO.ID - JAKARTA. Indonesia's central bank on Thursday cut its benchmark interest rate for the third time in three months, as expected, as it tries to lift sluggish economic growth. Bank Indonesia (BI) trimmed the 7-day reverse repurchase rate by 25 basis points (bps) to 5.25%, bringing the total reduction in the key rate to 75 bps this year. In a Reuters poll, 13 of 21 economists predicted Thursday's cut. The rest predicted a hold. Read Also: BOJ keeps policy steady, signals chance of easing in October
Indonesia central bank makes 3rd rate cut since July, by 25 bps to 5.25%
KONTAN.CO.ID - JAKARTA. Indonesia's central bank on Thursday cut its benchmark interest rate for the third time in three months, as expected, as it tries to lift sluggish economic growth. Bank Indonesia (BI) trimmed the 7-day reverse repurchase rate by 25 basis points (bps) to 5.25%, bringing the total reduction in the key rate to 75 bps this year. In a Reuters poll, 13 of 21 economists predicted Thursday's cut. The rest predicted a hold. Read Also: BOJ keeps policy steady, signals chance of easing in October