Publishing date: Feb 18, 2021 • February 18, 2021 • 3 minute read •
Article content
(Bloomberg) Indonesia’s central bank cut its benchmark interest rate to a record low and downgraded its growth outlook amid fears that a resurgence in Covid-19 cases is slowing the economy’s recovery.
Bank Indonesia slashed the seven-day reverse repurchase rate Thursday by 25 basis points to 3.5%, the lowest level since the rate was introduced in 2016. The move was expected by 22 out of 29 economists surveyed by Bloomberg, while seven forecast no change.
We apologize, but this video has failed to load.
Try refreshing your browser, or Bank Indonesia Cuts Rates and Outlook as the Recovery Stalls Back to video
US Futures Slide After China Reopening Disappoints; Yields Resume Rise zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.