Analysts suggest that the unexpected reduction in interest rates by Indonesia’s central bank is intended to stimulate economic activity and enhance the appeal of local financial assets. n nFollowing the announcement, the Jakarta Composite Index rose further, reaching a 1% gain. At the same time, the yield on the country’s benchmark government bond reversed its prior increase, falling to 6.4%. The Indonesian rupiah remained under slight pressure, ending the session down 0.2% against the US dollar at 16,270 per dollar.
