2024-12-14 21:52
IndustryIndonesia Takes Bold Steps to Stabilize Rupiah
Indonesia's central bank launched a significant triple intervention to prevent the rupiah from breaching the key 16,000 per dollar level. Executing actions in the spot, non-deliverable forward, and government bond markets, Bank Indonesia aims to restore market confidence amid a resilient US dollar and rising geopolitical tensions. Despite the intervention, the rupiah has fallen over 5% this quarter, pressured further by expected rate cuts next week. Analysts warn that prolonged rate easing could weaken the rupiah to 155-157 per dollar if the Bank of Japan delays hikes, increasing forex market volatility.
#Rupiah #BankIndonesia #Forex
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Indonesia Takes Bold Steps to Stabilize Rupiah
| 2024-12-14 21:52Indonesia's central bank launched a significant triple intervention to prevent the rupiah from breaching the key 16,000 per dollar level. Executing actions in the spot, non-deliverable forward, and government bond markets, Bank Indonesia aims to restore market confidence amid a resilient US dollar and rising geopolitical tensions. Despite the intervention, the rupiah has fallen over 5% this quarter, pressured further by expected rate cuts next week. Analysts warn that prolonged rate easing could weaken the rupiah to 155-157 per dollar if the Bank of Japan delays hikes, increasing forex market volatility.
#Rupiah #BankIndonesia #Forex
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