Indonesia central bank cuts rates, as expected
JAKARTA :Indonesia's central bank cut its key interest rate on Wednesday, as expected by the market, resuming its monetary easing after holding policy steady at its previous three meetings.Bank Indonesia lowered the benchmark 7-day reverse repurchase rate, known as the BI Rate, by 25 basis points to 5.50 per cent, as expected by 20 of 32 economists polled by Reuters. The rest had predicted BI would stand pat.
The central bank also cut its overnight deposit facility and lending facility rates by the same amount to 4.75 per cent and 6.25 per cent, respectively.
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Independent Singapore
an hour ago
- Independent Singapore
Should I stay in my government job, or should I look for a new one?
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Straits Times
an hour ago
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Straits Times
an hour ago
- Straits Times
South Korea's Lee, Trump agree to work towards swift tariff deal, Lee's office says
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