(Bloomberg) -- Indonesia's central bank said there's
room to reduce interest rates further, after taking advantage of
the slowest inflation in six months to cut borrowing costs for
the 12th time since May last year.
Bank Indonesia ``as expected'' reduced the rate used as a
reference for bill sales by a quarter point to 8.5 percent, the
lowest since the measure was introduced in July 2005, Deputy
Governor Aslim Tadjuddin told reporters in Jakarta today. Nine
of 12 economists surveyed by Bloomberg News forecast the move.
Read more at Bloomberg Emerging Markets News
room to reduce interest rates further, after taking advantage of
the slowest inflation in six months to cut borrowing costs for
the 12th time since May last year.
Bank Indonesia ``as expected'' reduced the rate used as a
reference for bill sales by a quarter point to 8.5 percent, the
lowest since the measure was introduced in July 2005, Deputy
Governor Aslim Tadjuddin told reporters in Jakarta today. Nine
of 12 economists surveyed by Bloomberg News forecast the move.
Read more at Bloomberg Emerging Markets News
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