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Indonesia c.bank Cuts Benchmark Rate to 7.25 Pct

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Indonesia’s central bank on Thursday cut its benchmark interest rate by 25 basis points to 7.25 percent to support sagging economic growth, the first rate change in 11 months.

Bank Indonesia (BI) also cut its overnight deposit facility rate and lending facility rate by 25 basis points to 5.25 percent and 7.75 percent, respectively.

Reuters

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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