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INDONESIA CENTRAL BANK: Bloomberg Reports Central Bank Intervened After Rate Cut

INDONESIA CENTRAL BANK

Bloomberg quotes Asia-based traders as saying that Bank Indonesia "was active in the currency market helping support the rupiah after it came under pressure from a surprise cut." The traders said that "state banks were actively selling dollars."

  • Governor Perry Warjiyo said during his press briefing that Bank Indonesia will expand monetary operations aimed at increasing rupiah liquidity and is preparing two new instruments for exporters' FX earnings.
  • Spot USD/IDR trades +55 figs at 16,320 after topping out at 16,333 which was the highest level since Jul 5. USD/IDR 1-month NDF trades +46 figs at 16,375.
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Bloomberg quotes Asia-based traders as saying that Bank Indonesia "was active in the currency market helping support the rupiah after it came under pressure from a surprise cut." The traders said that "state banks were actively selling dollars."

  • Governor Perry Warjiyo said during his press briefing that Bank Indonesia will expand monetary operations aimed at increasing rupiah liquidity and is preparing two new instruments for exporters' FX earnings.
  • Spot USD/IDR trades +55 figs at 16,320 after topping out at 16,333 which was the highest level since Jul 5. USD/IDR 1-month NDF trades +46 figs at 16,375.