Indonesia Slashes Benchmark Rate, First In 11 Months, to 7.25%, Rupiah Appreciates

Rupiah has been reported as the second worst performing countries during the first three quarters of 2015. But during the fourth quarter, the currency has around apparently due to the country’s cautious monetary policy. Bank Indonesia has announced cutting benchmark interest rate to 7.25% on Thursday and consequently Rupiah has appreciated some more value.

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