JAKARTA -- Indonesia's central bank announced a cut to its policy rate on Wednesday, amid recent interventions to stabilize the rupiah and support economic growth.
Markets
Indonesian central bank cuts policy rate to 5.5% as rupiah stabilizes
Benchmark rate loses 25 basis points in the second cut this year
Bundles of rupiah notes: The Indonesian central bank's rate-cut decision comes as the country's currency rebounds from an all-time low in the forex market. © Reuters
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