Indonesia’s central bank cuts rate by 25 basis points

AFP
Friday, December 7, 2007 0:00 am

JAKARTA –– Indonesia’s central bank cut its benchmark interest rate by 25 basis points t

o 8.0 percent Thursday, saying its inflation target was on track and risks stemming from high oil prices were under control. “It is expected that the rate cut will not disturb inflation targets in the medium to the longer term,” Lukman Boenjamin, Bank Indonesia’s director for public relations, told reporters.

The bank also wanted the rate cut to provide the stimulus necessary to keep momentum going for Indonesia to achieve higher economic growth, the official said.

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Indonesia’s central bank cuts rate by 25 basis points

AFPFriday, December 7, 2007 0:00 am

AFP
Friday, December 7, 2007 0:00 am