BI Rate Cut Again

BANK Indonesia eventually cut its reference interest rate (BI Rate) after maintaining a level of 8.25 percent since July this year. A meeting of the board of governors at the BI Building, Jakarta, last week, made a correction of 25 basis points to 8 percent, in line with the end of year target.

According to BI Senior Deputy Governor Miranda Goeltom, this policy was based on the trend for inflation decreases up until the end of 2008. It is expec

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