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Indonesian economy still sluggish despite interest rate cuts

To spark more lending and growth, BI has cut its benchmark interest rate eight times - by a total of 2 percentage points - since the start of last year.


INDONESIA'S economy grew slightly more slowly than expected in the third quarter, as private consumption continued to flatline, confounding efforts by policymakers to push the growth rate much above 5 per cent.

South-east Asia's largest economy expanded 5.06 per cent in the...

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