(Bloomberg) -- Indonesia's central bank cut its
interest rate for the 13th time since May last year to
accelerate economic growth after inflation eased.
Bank Indonesia Governor Burhanuddin Abdullah reduced the
rate used as a reference for bill sales by a quarter of a
percentage point to 8.25 percent, the lowest since the measure
was introduced in July 2005. Ten of 16 economists surveyed by
Bloomberg expected the move.
Read more at Bloomberg Emerging Markets News
interest rate for the 13th time since May last year to
accelerate economic growth after inflation eased.
Bank Indonesia Governor Burhanuddin Abdullah reduced the
rate used as a reference for bill sales by a quarter of a
percentage point to 8.25 percent, the lowest since the measure
was introduced in July 2005. Ten of 16 economists surveyed by
Bloomberg expected the move.
Read more at Bloomberg Emerging Markets News
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