Wednesday, July 4, 2007

Indonesian Rupiah Says Lower After Central Bank Cuts Rates a Quarter Point

(Bloomberg) -- Indonesia's rupiah stayed lower after
the central bank cut interest rates.

Bank Indonesia, as expected, reduced its benchmark rate by a
quarter-percentage point to 8.25 percent to accelerate economic
growth after inflation eased. It was the 13th cut since May last
year.


Read more at Bloomberg Currencies News

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