Bank Indonesia chief calls on Jakarta to address fiscal concerns
Jakarta
A DAY after slashing interest rates, Indonesia's central bank governor on Friday called on the government to address some fiscal concerns on revenue and subsidies to win an investment-grade rating from Standard & Poor's.
Bank Indonesia (BI), which has been under pressure from the government to ease policy to boost growth in South-east Asia's largest economy, on Thursday cut its key rate for the third time this year to 6.75 per cent.
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Central banks will probably only cut half as much as they hiked