✉news BusinessBanking first seen 18 h ago, last 25 min ago, peak #9
Indonesia central bank says currency interventions remain consistent
Original: Indonesia central bank consistent in its currency interventions, official says
Bank Indonesia remains consistent in its interventions in the foreign exchange market, a senior official said, according to Reuters. The comments come as the rupiah has faced sustained pressure, and the bank has been stepping in to steady the currency. Markets are watching how far the central bank will go to defend the rupiah amid global dollar strength and volatility in emerging-market currencies.
Why now: Pressure on the rupiah has put the central bank's currency-defence strategy in focus.
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Evidence
- Indonesia central bank consistent in its currency interventions, official says · Reuters
- Indonesia central bank consistent in its currency interventions, official says · TradingView
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