JAKARTA : Indonesia defied market expectations by cutting its key interest rate, moving to bolster economic growth even after the local currency’s recent slide beyond the key level of 16,000 to the dollar. Bank Indonesia (BI) lowered the benchmark BI-Rate by 25 basis points to 5.75% today.

The Indonesia stock market on Friday wrote a finish to the two-day slide in which it had slumped almost 20 points or 0.3 percent. The

The central bank said it had decided to leave the network after the group’s work “increasingly broadened in scope.”

The Federal Reserve has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, a global coalition of central banks engaged in the study of climate risk that was launched in 2017.

In its earliest years, the Federal Reserve’s mission was to help small financial institutions weather the turbulence of 20th-century markets. Its remit soon grew.

The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change

The central bank’s recent infusion of financial-market brawn includes Beth Hammack, who worked for three decades at Goldman Sachs.

Bank Indonesia lowered its benchmark seven-day reverse repo rate to 5.75% on Wednesday, snapping a three-meeting run of standing pat. It lowered its overnight deposit facility rate to 5.25% and lending facility rate to 6.50%.

Indonesia's central bank said the rupiah's fall against U.S. dollar was still under control, after the currency slid to its weakest level in more than six months on Thursday following a surprise cut in interest rates the day before.

Indonesia's central bank unexpectedly cut policy rates on Wednesday, resuming its monetary easing aimed at propping up growth in Southeast Asia's largest economy despite financial market volatility that has weakened the currency.

Estimated Ultimate Recovery (EUR) increase of 30% in Kruh Field Webinar Media Interactive Call will be Held on Tuesday, January 21 at 10AM Eastern Time JAKARTA, INDONESIA AND DANVILLE, CA ...

Asian markets were mixed Friday as data showing China's economy grew slightly quicker than expected last year failed to inspire investors, with Beijing battling to revive consumption and boost the battered property sector.