Indonesian Outflows Spur Pressure for Further Policy Tightening

Indonesian Outflows Spur Pressure for Further Policy Tightening

Dimas Ardian/Bloomberg

A street vendor walks past the Bank Indonesia headquarters in Jakarta. Indonesia’s bonds declined yesterday, pushing the 10-year yield to the highest level since September 2011, while stocks sank the most in about two weeks on concern the central bank will raise borrowing costs.