Wednesday, 10 December 2008

Bank Indonesia trims key rate to stimulate growth

Defying analysts’ predictions, Bank Indonesian on Thursday (Thu, 4 Dec) cut its benchmark interest rate by 25 basis points to 9.25 percent-the first reduction this year-in an attempt to stimulate the economy and blunt the impact of the global economic slowdown, the central bank said in a statement.
Source: JakartaGlobe, Fri 5 Dec, pg. A1.

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