Indonesia Looks To New Special Economic Zones To Drive Trade
In a bid to boost economic growth, Bank Indonesia (BI), the country’s central bank, cut in October 2019 its benchmark interest rate for the fourth time in four months. At its monthly meeting on Oct. 24, 2019, BI announced that the seven-day reverse repo rate would be cut by 25 basis points to 5 percent. The decision marked the fourth consecutive time the rate has been slashed since July 2019, with the central bank reducing its benchmark by 100 basis points over the period. Th