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Bank Indonesia hardened its language on currency intervention, pledging to 'control' the rupiah as the dollar is expected to stay strong. Governor Perry Warjiyo said the central bank wants to prevent a stronger dollar from pushing up imported inflation amid high global energy and food prices.
Active central bank defense of the rupiah signals sustained dollar strength against Indonesian buyers, keeping imported feed ingredient costs elevated.
bloomberg.comClaire JiaoOct 20, 2022Not 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.
