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Indonesia cuts key rate again in bid to spur growth

Sixth reduction this year sees seven-day reverse repurchase rate trimmed by 25 basis points to 4.75%


INDONESIA'S central bank on Thursday surprisingly cut its benchmark interest rate for a sixth time this year, indicating concern that its efforts to jack up sluggish lending and economic growth are not working as hoped. Bank Indonesia (BI) cut the seven-day reverse repurchase rate...