Report

Indonesia holds benchmark rate at 5.75%, raises deposit facility rate and plans reserve cuts

The Business Times' Bloomberg report says banks' reserve requirement ratio will drop one percentage point in November, again in December.

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TLDR

The Business Times' Bloomberg report says Bank Indonesia held its benchmark rate at 5.75% on October 21, raised its deposit facility rate and announced one-percentage-point cuts to banks' reserve requirement ratio for November and December. The Jakarta Post reports that the central bank expects the US Federal Reserve to keep monetary policy tight but wants to support growth with more liquidity.

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