BI surprises with quarter-point cut
The move which lowers rates to 9.25% was the first reduction since December 2007 and broke the pattern of six successive hikes in 2008 from 8% to 9.5%
Jakarta's stock exchange closed 1% up on Thursday as the central bank acknowledged that the effects of the financial crisis and reduced forecasts for in global growth were "becoming visible in the Indonesian economy."
Falling oil and
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