Last week, investors welcomed the Indonesian central bank (Bank Indonesia/BI)’s decision to cut its benchmark BI 7-day Reverse Repo (RR)Rate to 4.25%. They collected back local stocks following the release of rate cut, lifting composite index of the Indonesia Stock Exchange (IDX) to gain 0.09% and closed at 5,912. Profit taking emerged, however, leading the index to closing off its high of 5,929.To subscribe please click here