Free Trial

Rupiah Steady Ahead Of Bank Indonesia Decision


Spot USD/IDR trades flat at IDR14,354 at typing, oscillating within a well-defined range. Bulls look to a break above Apr 8 high of IDR14,380, with bears keeping an eye on Apr 5 low of IDR14,338.

  • USD/IDR 1-month NDF last seen -4 figs at IDR14,371. Bears look for sales past Mar 30 low of IDR14,329, while bulls see Apr 8 high of IDR14,408 as their initial target.
  • Bank Indonesia brought forward the announcement of its monetary policy decision to 12:30 WIB/06:30 BST from 14:20 WIB/08:20 BST.
  • Policymakers are widely expected to keep the benchmark policy rate unchanged as inflation holds below the mid-point of the target range (despite recent acceleration) and the rupiah remains stable.

To read the full story

Why Subscribe to


MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.