Indonesia cuts rate 10th time and lowers GDP forecast
Indonesia cuts rate 10th time and lowers GDP forecast Indonesia's central bank cut it's key interest rates for the 10th time in the current easing cycle, as widely expected, and trimmed its forecast for economic growth in 2021 following a slower-than-expected rebound in the fourth quarter of last year. Bank Indonesia (BI) lowered its benchmark 7-day reverse repo rate by another 25 basis points to 3.50 percent and has now cut it by a total of 2.50 percentage points since it began easing its monetary policy stance in July 2019 in response to a slowdown in global economic growth...
Source: centralbanknews.info