Indonesia cuts rates for the third time in three months
Bank Indonesia has cut a total of 75bp this year after tightening 175bp in 2018
The central bank of Indonesia slashed its benchmark rate for the third time in three months today (September 19), as the major South-east Asian economy has been under pressure from global slowdown and trade tensions.
Bank Indonesia cut the seven-day reverse repo rate by 25 basis points to 5.25%. The announcement came hours after the US Federal Reserve slashed its policy rate for the second time this year.
The Indonesian central bank has cut rates by a total of 75 basis points since July, after
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