Bank Indonesia maps out a cautious path

Asian central banks have been watched intently in recent months, after a series of interest rate cuts throughout the region made it clear that monetary stimulus measures were to be a major weapon in the battle to restore growth. Accompanying this has been renewed consideration by central banks of where their considerable assets should be allocated. Bank Indonesia, with $112 billion in reserves, is looking at diversification into Asian and/or emerging markets. The Indonesian centra…