Indonesia cuts rates for 3rd straight month to boost growth
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Jakarta
INDONESIA'S central bank cut its main interest rate for the third straight month, taking advantage of a benign inflation outlook and a strengthening currency to deliver a monetary boost to the economy.
Governor Agus Martowardojo and his board lowered the reference rate by 25 basis points to 6.75 per cent, Bank Indonesia (BI) said on Thursday.
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