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View all search resultsBank Indonesia (BI) still has the option to cut its benchmark interest rate further this year to aid the recovery of the pandemic-battered economy, after keeping its rate unchanged for four consecutive months, BI Governor Perry Warjiyo has stated.
Bank Indonesia has kept its benchmark interest rate unchanged for a fourth consecutive month to safeguard the rupiah amid financial market volatility but pledged to pursue other ways of quantitative easing to support the virus-battered economy.