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NEWS UPDATES Asean Affairs     12 October  2011                    

Indonesia cuts key rate

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Bank Indonesia (BI) finally cut its benchmark interest rate by 0.25 point to 6.5 percent on Tuesday; after maintaining the rate at 6.75 percent since February.

BI Governor Darmin Nasution said that the central bank had decided on the cut given the slowing growth of developing economies, citing average inflation rates of between 4.5 and 4.6 percent in those economies.

“The 6.75 percent BI rate was too high; we needed to correct it,” Darmin said during a press conference announcing the rate cut in Jakarta on Tuesday.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


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