By Neil Chatterjee and Aditya Suharmoko
JAKARTA, Oct 5 (Reuters) – It’s taken a year, but Indonesia’s central bank has finally won over markets into accepting its dovish policy outlook. Still, it doesn’t feel like a success.
Instead, the policy that is designed to reduce the allure of Indonesian assets to yield-hungry investors is attracting capital into the country’s debt markets and increasing the risk that authorities will take steps to control the tide. (more…)