Indonesia: BI to cut rate by 50 bps in 2020: Fitch Solutions
Bank Indonesia (BI) will further slash the nation’s benchmark interest rate by 50 basis points (bps) in 2020 to stoke economic growth amid weak domestic demand that had been dragged down by a slowdown in investment, according to projections by Fitch Solutions Macro Research. The central bank maintained its policy rate, the seven-day reverse repo […]
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