JAKARTA, May 19 Indonesia's central bank kept
its policy rate steady on Tuesday to bolster market stability,
but pledged to maintain ample cash in the financial system and
said there was room to cut rates in the future to cushion
Southeast Asia's biggest economy.
The move to leave Bank Indonesia's 7-day reverse repurchase
rate unchanged at 4.50% was a surprise with 16 out
of 26 analysts in a Reuters poll expecting a 25-basis point cut.
JAKARTA Indonesia's central bank chief pledged on Wednesday to provide as much liquidity as needed to support an economy that last quarter grew at its slowest in 19 years, but hinted that keeping the rupiah currency stable might prevent an early interest rate cut.
* Gov says interest rate policy's priority is rupiah
JAKARTA Indonesia's economy grew at its weakest pace since 2001 in the first quarter, as the coronavirus pandemic halted business activity in Southeast Asia's largest economy and fuelled expectations of a looming recession.
ALGIERS/CAIRO/JAKARTA Days before the holy fasting month of Ramadan begins, the Islamic world is grappling with an untimely paradox of the new coronavirus pandemic: enforced separation at a time when socialising is almost sacred. | Video
ALGIERS/CAIRO/JAKARTA, April 20 Days before the
holy fasting month of Ramadan begins, the Islamic world is
grappling with an untimely paradox of the new coronavirus
pandemic: enforced separation at a time when socialising is
JAKARTA S&P Global Ratings on Friday revised Indonesia's credit rating outlook to "negative" from "stable", indicating the rising financial risks the country faces as it ramps up government spending in response to the coronavirus outbreak.
* Indonesia economy faces a "huge shock" due to global
* RRR cut and other measures to add 117.8 trln rupiah of
JAKARTA Indonesia on Sunday imposed curbs on public transport ahead of the annual exodus to home villages that marks the end of the Muslim fasting month, in a bid to slow the spread of the coronavirus in the world's fourth most populous country.