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KM Financial Solutions | SE Asia Stocks-Indonesia rises 1 pct as cbank signals pause on rate cuts
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SE Asia Stocks-Indonesia rises 1 pct as cbank signals pause on rate cuts

28 Sep SE Asia Stocks-Indonesia rises 1 pct as cbank signals pause on rate cuts

Posted at 10:47h in News by
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By Aaron Saldanha
Sept 29 (Reuters) – Indonesian shares rose a little over 1
percent on Friday, as signs that the country’s central bank was
moving to pause on rate cuts lifted financials, while Thailand
edged up as a double-digit growth in exports cheered investors.
Indonesia’s central bank governor said on Friday that two
cuts in its benchmark rate in the last two months are
“sufficient”, after it surprised markets by reducing it
by a total of 50 basis points to spur economic
grow

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