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Bank Indonesia steps up stimulus in fourth rate cut of 2016

Central bank likely bracing itself for any fallout from an increase in risk aversion

Published Thu, Jun 16, 2016 · 09:50 PM
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Jakarta

INDONESIA'S central bank cut its benchmark interest rate for the fourth time this year, indicating its willingness to support economic growth in the face of mounting global risks.

Governor Agus Martowardojo and his board cut the reference rate by 25 basis points to 6.5 per cent after local financial markets closed on Thursday, in line with the…

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