# Bank Indonesia defends rupiah as doubts rise over cetral bank independence

> Bank Indonesia intervened on September 2 to smooth volatility after the rupiah fell 1.6% to 14,800 per dollar, its weakest since August 18. The move followed a parliamentary expert panel proposal to give government ministers voting rights on monetary policy and widen the central bank's mandate.

- Date: 2020-09-02 · published 2020-09-02T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/51423-bank-indonesia-defends-rupiah-as-doubts-rise-over-cetral-bank-independence
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Concern over central bank independence raises the risk of a weaker rupiah, which makes imported feed inputs more expensive for Indonesian buyers. Lasting currency weakness would increase feed costs in the region.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- english.kontan.co.id: https://english.kontan.co.id/news/bank-indonesia-defends-rupiah-as-doubts-rise-over-cetral-bank-independence

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