# BI pledges to back rupiah as US debt woes roil markets - Fri, May 26, 2023 - The Jakarta Post

> 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.

- Date: 2023-05-26 · published 2023-05-26T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/36267-bi-pledges-to-back-rupiah-as-us-debt-woes-roil-markets-fri-may-26-2023-the
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Currency stabilization measures reduce short-term import cost volatility for Indonesian feed buyers, but prolonged US uncertainty could still push the rupiah weaker.

## Sources

- thejakartapost.com: https://www.thejakartapost.com/paper/2023/05/26/bi-focused-on-stability-as-us-debt-worries-roil-markets

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.