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Bank Indonesia pledged to support the rupiah while US debt ceiling negotiations remain stalled. It will use triple intervention across spot, NDF and bond markets, plus a twist operation selling short-term bonds to attract inflows.
Markets widely expect a deal by early or mid-June.
Currency stabilization measures reduce short-term import cost volatility for Indonesian feed buyers, but prolonged US uncertainty could still push the rupiah weaker.
thejakartapost.comDeni GhifariMay 26, 2023Not 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.
