Bloomberg Indonesia’s central bank should avoid cutting interest rates further because borrowing costs are at an appropriate level even as loan growth remains subdued, according to the chief of the country’s biggest lender. The current benchmark rate of 4.25 percent is “quite optimal,” PT Bank Mandiri President Director Kartika Wirjoatmodjo said in an interview on Sept. 28. “Overall liquidity is …

Bloomberg Australia’s central bank kept interest rates unchanged — as expected — reinforcing Governor Philip Lowe’s reluctance to follow developed-world counterparts and tighten policy. “Over recent months there have been more consistent signs that non-mining business investment is picking up,” Lowe said in Tuesday’s statement. “A consolidation of this trend would be a welcome development. Business conditions as reported in …

Bloomberg The UK’s withdrawal from the European Union poses a “substantial risk of disruption” to cross-border clearing of financial contracts, according to the Bank of England (BOE). The European Commission, the EU’s executive arm, has proposed supervision rules that could force foreign clearinghouses to locate the clearing of derivatives denominated in EU currencies inside the bloc. In response, some clearinghouses …