USD/IDR: Rupiah in multi-day lows near 14,180 on Bank Indonesia’s surprise rate cut

At its November monetary policy meeting held on Thursday, Indonesia’s central bank, Bank Indonesia (BI), unexpectedly cut its 7-day reverse repo rate by 25bps to 3.75% from the previous 4.0%.

Governor Warjiyo said that the decision took into account low inflation, external stability and to support economic recovery.

more to come ...