Brazil's central bank is convinced that monetary policy is more restrictive than normal given its guidance for an upcoming interest rate hike, and will adjust it as needed going forward, its monetary policy director,

JAKARTA] Bank Indonesia (BI) is maintaining its benchmark interest rate at 5.75 per cent following its latest meeting and putting a pause to its easing cycle. It pledged to work consistently towards keeping inflation under control and to stabilise the rupiah amid global uncertainties.

The Reserve Bank of Australia on Tuesday cut benchmark interest rates for the first time in over four years, joining ranks with other major global central banks, as softening inflation allows room for easing policy.