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JAKARTA -- Governor of People's Bank of China Yi Gang and his Indonesian counterpart Perry Warjiyo have agreed to establish cooperation on local currency settlement (LCS), according to the Indonesian central bank, Bank Indonesia.
JAKARTA, Sept 29 (Jakarta Post/ANN): Indonesia’s economy could contract more than expected if the coronavirus pandemic remains uncontrolled, as South-East Asia’s largest economy faces an “uneven and volatile” economic recovery, the World Bank says.
SINGAPORE, Sept 29 (Reuters): South Korea outperformed other emerging Asian stock markets on Tuesday as overnight gains on Wall Street lifted sentiment and investors looked to rebalance their books into the month-end and a handful of regional holidays.
SINGAPORE/JAKARTA Sept 22 (Reuters): South Korean stocks led a slide in emerging Asian markets on Tuesday, shedding more than 2% to touch a one-month low, as investors dumped riskier assets after fresh Covid-19 outbreaks in Europe hit hopes for a speedy global recovery.
INDONESIAN lawmakers called for caution over proposals to reform the central bank amid investor worries the changes would erode its independence.
JAKARTA Sept 18 (Reuters): Indonesia's rupiah hit a more than two-week high on Friday, a day after the central bank kept interest rates unchanged and supported by reassurances monetary policy would not be swayed by political influences.
INTEREST rate cuts are becoming passe in important parts of Asia. The main game now is the expansion of monetary policy into arenas once considered off-limits for responsible central banks.
JAKARTA: Indonesia's central bank kept its benchmark interest rate unchanged for a second straight month on Thursday, citing the need to maintain financial market stability amid recent pressure on the rupiah currency.
JAKARTA: Indonesia stocks pulled back after a more than 5% surge over the last two sessions as a poll of analysts predicted the country’s central bank would stand pat on interest rates in favour of supporting an under-pressure rupiah.