✉news BusinessBanking first seen 4 h ago, last 23 min ago, peak #1
Indonesia central bank scales back spot-market currency intervention
Original: Indonesia central bank reduces FX intervention in spot market, governor says
Indonesia's central bank has reduced its interventions in the foreign exchange spot market, according to its governor. The move signals the bank's assessment that pressure on the rupiah has eased, though it may still act to smooth excessive volatility. Traders will be watching whether the rupiah remains stable with less official support in the market.
Why now: The shift in Bank Indonesia's currency policy has direct implications for the rupiah's stability and traders' positioning.
Evidence
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