Indonesia’s central bank surprised markets by leaving interest rates on hold at its October meeting, pausing after three consecutive cuts as it keeps an eye on the rupiah, the Wall Street Journal reported. Bank Indonesia held its benchmark seven-day reverse repo rate at 4.75% on Wednesday. The rupiah strengthened slightly after the decision, which Gov. Perry Warjiyo said is consistent with the central bank’s expectations of low inflation within the 1.5%-3.5% target range and its mandate to maintain currency stability amid global uncertainty.

Indonesian shrimp packer Panca Mitra Multi Perdana (PMMP) has agreed to pay outstanding wages and severance to hundreds of laid-off staff after the local government said that it would declare the business bankrupt, reports Antara reported. PMMP was under scrutiny in September after more than 200 former employees reported not receiving wages, severance pay and other entitlements following layoffs, as Undercurrent News reported.

Indonesia and the European Union have signed a long-awaited trade deal that comes as Asian countries reposition themselves in a landscape reshaped by U.S. tariffs, the Wall Street Journal reported. The pact, which Jakarta and the EU have been negotiating for over nine years, was inked Tuesday during European Commissioner for Trade & Economic Security Maroš Šefčovič’s visit to Indonesia. “This agreement eliminates over 98% of tariffs, removing nearly all barriers to trade and opening new pathways for investment,” the European official said.

Indonesia’s central bank surprised markets by continuing its rate-cutting cycle amid domestic political uncertainty and ahead of a closely watched Federal Reserve meeting, the Wall Street Journal reported. Bank Indonesia lowered its benchmark seven-day reverse repo rate by 25 basis points to 4.75% on Wednesday, following back-to-back cuts in July and August. The move came on the cusp of a highly anticipated Federal Reserve meeting, where investors widely expect a 25-basis-point cut. The U.S.

Indonesia’s newly minted finance minister has hit the ground running, promising to inject about $12 billion into the economy to support growth, the Wall Street Journal reported. His comments helped calm stock markets after recent volatility, with the benchmark Jakarta Composite Index up as much as 1.6% on Thursday as investors welcomed the efforts to increase liquidity and revive growth.

Indonesia’s central bank continued its rate-cutting cycle as steady inflation provides room to loosen policy further to support growth, the Wall Street Journal reported. Bank Indonesia cut its benchmark seven-day reverse repo rate by 25 basis points to 5.00% on Wednesday. The decision had been expected to be a close call: Four of seven economists polled by The Wall Street Journal forecast no change, while three expected a 25-basis-point cut. The central bank also lowered its overnight deposit facility rate to 4.25% and its lending facility rate to 5.75%.

Indonesia will drop tariffs to zero on more than 99% of its trade with the United States and will also eliminate all non-tariff barriers for American goods in a deal that cuts threatened U.S. tariffs on Indonesian products to 19% from an initial 32%, a senior Trump administration official said on Tuesday, Reuters reported.

Indonesia is still negotiating details of its recently-reached trade deal with the United States after Washington lowered tariff rates on the Southeast Asian country, and is pursuing exemptions for its exports of palm oil and nickel, an official said on Friday, Reuters reported. The two countries reached a trade deal this week that led to a reduction in the threatened U.S. proposed tariff rate to 19% from 32%. The deal was one of only a handful reached so far by the Trump administration ahead of the August 1 negotiation deadline with numerous countries.

Indonesia’s central bank resumed its interest rate-cutting cycle, as cooling inflation provides ample room to support the economy, the Wall Street Journal reported. Bank Indonesia’s decision to cut its benchmark seven-day reverse repo rate by 25 basis points to 5.25% comes amid news of a trade deal with the U.S. that could ease the tariff overhang on the economy. Wednesday’s decision had been expected to be a close one, with domestic conditions and rupiah stability conducive to a cut but external uncertainties backing the case for caution.

Indonesia’s president, Prabowo Subianto, confirmed on Wednesday the broad outlines of a trade agreement with the United States that was reached after what he called “tough negotiations” with Washington, the New York Times reported. Under the terms, which President Trump on Tuesday called a “great deal for everybody,” U.S. exports to Indonesia would face no tariffs, while Indonesian goods would be charged a tariff of 19 percent in the United States. Mr. Prabowo confirmed in brief remarks in Jakarta that the two nations had “finally” reached an agreement.