SOUTHEAST ASIA VIRUS HOTSPOTS INDONESIA, PHILIPPINES CUT RATES IN SURPRISE

(Bloomberg) -- The two countries grappling with Southeast Asia’s worst coronavirus outbreaks unleashed more monetary easing in unexpected moves, and pledged to keep policy accommodative moving forward. Bank Indonesia lowered its key rate Thursday by 25 basis points to 3.75%, its first cut in four months, as 11 of 26 economists surveyed by Bloomberg predicted. Minutes later, Bangko Sentral ng Pil...