On Thursday (Mar. 17), Bank Indonesia (BI) cut its benchmark BI Rate by 25 basis point (bps) to 6.75%, with the Deposit and Lending Facility rates at 4.75% and 7.25% respectively. The move, it said, is consistent with greater room to ease monetary policy along with a solid macroeconomic stability, specifically indicated by the persistently less intense inflationary pressures in 2016 and 2017, while uncertainties in the global financial market decreased.To subscribe please click here
