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Economy

Bank Indonesia carries out third rate cut in three months

Benchmark lowered 25 basis points to 5.25% to stimulate flagging growth

Bank Indonesia's headquarters in Jakarta: The central bank has veered from aggressive tightening to a streak of three rate cuts.   © Reuters

JAKARTA -- Indonesia's central bank on Thursday announced its third rate cut in as many months, demonstrating its resolve to get ahead of a slowing global economy amid the U.S.-China trade conflict.

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