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Indonesian central bank announces surprise rate cut
The Straits Times
|January 16, 2025
Indonesia's central bank unexpectedly announced a cut in its key interest rate on Jan 15 in a bid to boost economic growth and a weakening rupiah.
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Bank Indonesia lowered the benchmark seven-day reverse repurchase rate by 25 basis points to 5.75 per cent, citing a shift in policy to bolster stability and growth.
Its two other main rates were also cut by 25 basis points.
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