Economics
Analysts Puzzled by Indonesia Central Bank's Midnight Decision
- Benchmark interest rate kept at 4.75%, in line with forecasts
- Late timing spurred speculation BI was waiting for ECB
A sign sits above the entrance to the Bank Indonesia in Jakarta, Indonesia, on Tuesday, Nov. 17, 2015. Indonesia's central bank cut the primary reserve requirement for lenders while keeping its main interest rate unchanged, seeking to provide some support to a faltering economy without undermining the currency.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
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Bank Indonesia blamed a swearing-in ceremony at the nation’s financial regulator for the delay of its interest-rate announcement to close to midnight in Jakarta on Thursday.