Indonesia Cuts Key Rate for Third Straight Month to Spur Growth
2009-02-04 02:33:34.891 GMT
By Aloysius Unditu
Feb. 4 (Bloomberg) -- Indonesia’s central bank lowered its
benchmark interest rate for a third straight month to help
cushion Southeast Asia’s biggest economy from a global recession.
Governor Boediono and his seven colleagues cut the key rate
to 8.25 percent from 8.75 percent, according to a statement on
Bank Indonesia’s Web site today. The decision was predicted by
20 of 23 economists in a Bloomberg News survey.
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