(hooly-news.com) – The Central Bank of Indonesia (BI) took specialists by surprise by lowering its main policy rate. The 7-day reverse repo rate was cut by 25 basis points to 3.75% as only 8 out of 22 economists polled by hooly-news.com expected monetary policy easing. Its other rates were also cut by 25 basis points, with the deposit facility rate falling to 3% and the marginal lending facility to 4.5%.

On the foreign exchange market, the dollar gained 0.60% to 14,155 Indonesian rupees.