Indonesia Surprises With Rate Cut, Intervenes in FX Market
(Bloomberg) -- Indonesia defied market expectations by cutting its key interest rate, moving to bolster economic growth even after the local currency’s recent slide beyond the key level of 16,000 to the dollar.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesChicago Officials Pitch $1.5 Billion Plan to Fix Transit WoesBank Indonesia lowered the benchmark BI-Rate by 25 basis poi