Indonesian Interest Rate Cut
Publish Date : 2019/07/16 - 07:39

The latest report analysis from a 33-analyst survey reveals that the central bank of Indonesia has cut its interest rate on Thursday ahead of the projected move by the Federal Reserve.

Their key statement:

“23 of 33 analysts predicted BI will make a 25-basis point trim in the benchmark 7-day reverse repo rate to 5.75% - which would be the first cut since September 2017 - on Thursday. The other 10 expect BI to hold.

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