Indonesia will sign a pact worth $34 billion with business partners next week to boost purchases from the U.S., as part of efforts to strike a trade deal with Washington ahead of the July 9 deadline, Indonesia's chief economic minister said on Thursday, Reuters reported. The deal would include increasing imports of fuels and investment by Indonesian companies in energy and agriculture sectors in the U.S. Separately, flag carrier Garuda Indonesia (GIAA.JK), opens new tab also said it is in talks to buy up to 75 jets from Boeing BA.N. Jakarta is facing a 32% tariff in U.S.

Indonesia’s central bank has resumed its rate-cutting cycle as cooling inflation, slower growth and a steadier rupiah offer room to loosen policy settings, the Wall Street Journal reported. Bank Indonesia on Wednesday cut its benchmark seven-day reverse repo rate by 25 basis points to 5.50%, breaking a streak of three consecutive holds. It also trimmed its annual growth forecast slightly, citing the impact of global uncertainty amid U.S. reciprocal tariffs. “Policy responses must be strengthened to boost growth,” Bank Indonesia Gov. Perry Warjiyo said at a press conference.

Indonesia’s central bank kept rates on hold even as slowing growth backs the case for a cut, opting to lend support to the rupiah as it watches to see how U.S. tariffs develop, the Wall Street Journal reported. Bank Indonesia’s decision to keep its benchmark seven-day reverse repo rate at 5.75% on Wednesday was widely expected. The central bank also maintained its overnight deposit facility rate at 5.00% and its lending facility rate at 6.50%.

Indonesia announced a raft of concessions on U.S. imports Tuesday, including reducing taxes on electronic goods and steel, ahead of trade negotiations with Washington over President Donald Trump's sweeping tariffs, Reuters reported. Southeast Asia's biggest economy will send a high-level delegation to the United States next week in hopes of securing a deal to ease the impact of a 32% tariff due to take effect on Wednesday. Indonesia plans to buy U.S.

Indonesia’s central bank held interest rates steady again as volatility in local markets and the rupiah make the case for policymakers to tread cautiously, even as they continue to leave the door open to cuts, the Wall Street Journal reported. Domestic unease and heightened uncertainty abroad had economists divided on what Bank Indonesia would do ahead of its decision to keep the benchmark seven-day reverse repo rate at 5.75% on Wednesday.

A sweeping overhaul of how Indonesia runs its powerful state companies will create a multibillion-dollar investment vehicle run by close allies of President Prabowo Subianto, giving the new leader a major cache of funds to deploy in his effort to supercharge growth in Southeast Asia’s largest economy, Bloomberg News reported.

Indonesia’s central bank hit the pause button again, holding rates steady after a surprise cut last month as it monitors currency headwinds and rising external risks, the Wall Street Journal reported. Bank Indonesia kept its benchmark seven-day reverse repo rate at 5.75% on Wednesday, in a decision analysts had expected to be a close one. Five out of seven economists polled by The Wall Street Journal had forecast a hold, while two had projected a 25-basis-point cut.