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Economy

Indonesia cuts rates and growth outlook as COVID stings economy

Government also pinning hopes on vaccine rollout to return to growth

Bank Indonesia cut its key rate for the first time in three months on Thursday, as the country pins hopes on looser monetary policy and its mass vaccine rollout to bolster its flagging economy. (Source photos by Reuters) 

JAKARTA -- Indonesia's central bank lowered its benchmark interest rate for the first time in three months and lowered its growth outlook for this year, as the country continues to struggle with the coronavirus pandemic.

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