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Bank Indonesia has been responsive to rupiah volatility since early 2024, using tools such as FX term deposits, SRBI and foreign-currency securities. Analysts said holding the BI Rate steady while intervening in government bond markets is an appropriate way to support stability.
The rupiah was trading around Rp15,800 against the dollar, with a strong dollar still pressuring it.
Central bank intervention may limit further rupiah weakness, which would help contain Indonesian import costs for feed ingredients. The effect on commodity prices is minor.
cnbcindonesia.comCNBC Indonesia TVMar 27, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
