Indonesia Tightens Rules on Dollar-Buying to Stem Outflows

Indonesia’s central bank tightened foreign-exchange regulations as policymakers in Southeast Asia’s biggest economy try to soften the impact of the Middle East war on inflation and the rupiah.

Bank Indonesia also kept its benchmark BI-Rate at 4.75% on Tuesday, as predicted by all 30 economists in a Bloomberg survey. The rate has been steady since October, and the central bank omitted previously used language about seeking room to lower borrowing costs.