(Bloomberg) -- Indonesia's central bank resumed cutting its policy rate, to boost corporate and consumer spending, after inflation unexpectedly slowed last month and the rupiah surged.
Bank Indonesia Governor Burhanuddin Abdullah reduced the rate used as a reference for bill sales by a quarter point to 8.75 percent, the lowest since August 2005. The move was forecast by 16 of 19 economists surveyed by Bloomberg News. The central bank said it sees further room to reduce the measure.
Read more at Bloomberg Emerging Markets News
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