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Economy

Bank Indonesia cuts rate in anticipation of Fed easing

Healthier rupiah and political stability create maneuvering room

Bank Indonesia had held its benchmark rate steady for seven straight meetings, before the July 18 decision.   © Reuters

JAKARTA -- Indonesia's central bank cut its benchmark interest rate for the first time in nearly two years on Thursday, as it expects a similar move by the U.S. Federal Reserve at its July policy meeting.

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