Bank Indonesia governor Agus Martowardojo arrives at a news conference at the bank's headquarters in Jakarta on Tuesday. (Antara Foto/Akbar Nugroho Gumay via Reuters)JAKARTA -- Indonesia’s central bank surprised most economists on Tuesday by lowering interest rates, reflecting its relative comfort with the currency and inflation outlook. Bank Indonesia reduced borrowing costs six times last year, making it Asia’s biggest rate cutter. Bank Indonesia said the move was motivated by an improving inflation outlook and expectations of only one more US rate increase, delayed to later this year. Bank Indonesia may follow through with more easing.

Source: Bangkok Post August 23, 2017 08:26 UTC