Central Bank

Bank Indonesia Holds Key Rate After Rupiah Comes Under Pressure

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Bank Indonesia Holds Key Rate After Rupiah Comes Under Pressure

(Bloomberg) — Indonesia’s central bank kept its key interest rate steady as expected, pausing an easing cycle as external risks drag on the rupiah currency. Most Read from Bloomberg Bank Indonesia left the benchmark BI-Rate unchanged at 6% on Wednesday, as predicted by 30 of the 41 economists surveyed by Bloomberg, with the rest expecting … Read more

Bank Indonesia intervention lifts rupiah from lowest position since 2020

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JAKARTA, Sept 27 (Bloomberg): Bank Indonesia stepped in to prop up the rupiah for a second day, joining a host of other policy makers which are pushing back against a surging dollar. Indonesian authorities are intervening in the spot and domestic non-deliverable forwards markets to prevent the rupiah from weakening excessively, Edi Susianto, executive director … Read more