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Bank Indonesia Holds Rate Steady After Four Cuts; Trims Reserve Requirements

Indonesia’s central bank left the key interest rate unchanged on Thursday after four consecutive cuts, but slashed the reserve requirement ratio for banks to ensure liquidity for the banking system, and thus boost lending to support economic growth. The Board of Governors of Bank Indonesia, led by Governor Perry Warjiyo, decided to leave the 7-day reverse repo rate at 5.00 percent.
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