Indonesian Central Bank Lowers Key Rate By 25 Bps

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Wednesday, the Indonesian central bank decided to lower its key interest rate by 25 basis points as expected for the ninth straight month. The Bank Indonesia reduced its benchmark rate to 6.5% from 6.75%. The decision came in line with economists' expectations.

The central bank said rising domestic demand and high commodity prices may cause inflationary pressure next year. The bank added that monetary policy would be directed to be more anticipative of the potential inflation increase.

Wednesday, the Indonesian central bank decided to lower its key interest rate by 25 basis points as expected for the ninth straight month. (Market News Provided by RTTNews)