Indonesia calls for central bank to cut policy rate

Jakarta

THE Indonesian government has asked the central bank to consider cutting policy rates to help drive banks' lending rates lower, the country's chief economic minister said.

Darmin Nasution, President Joko Widodo's coordinating minister for the economy and a former central bank governor, said on Tuesday that the policy rate should reflect "liquidity conditions" rather than be set to attract capital inflows.

He said that the policy rate should be lowered to 4…