Bloomberg Indonesia’s central bank is expected to lower borrowing costs for a third straight month as policy makers take unprecedented steps to bolster the economy amid the coronavirus. Bank Indonesia will cut its benchmark rate by 25 basis points to 4.25%, according to 18 of 28 economists surveyed by Bloomberg. One economist predicted a 50 basis-point cut, while nine expect …

Bloomberg The Federal Reserve will dial back its support for the market for repurchase agreements following signs that the recent upheaval in dollar funding has eased. The move to reduce the amount of funding it offers through both overnight and term facilities from May 4 comes “in light of more stable repo market conditions,” the Federal Reserve Bank of New …

Bloomberg Westpac Banking Corp. has set aside A$900 million ($574 million) to settle a massive breach of anti-money laundering laws, in what would be the biggest fine in Australian corporate history. The potential fine is part of A$1.43 billion of charges — including increased customer remediation — that will slash first-half profit, with newly appointed Chief Executive Officer Peter King …