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On February 26, 2020, Bank Indonesia said all Asian currencies, including the rupiah, were weakening as foreign investors moved from emerging markets into safe havens. The US 10-year Treasury yield fell to an all-time low of 1.30%, and foreign investors sold about Rp3 trillion of government bonds that day.
Bank Indonesia said it would buy government bonds to prevent a large sell-off.
Capital outflows from emerging markets push up the dollar cost of imported feed ingredients for Indonesia. Bond purchases by the central bank are intended to stabilise the currency and may limit the depreciation.
money.kompas.comKiki SafitriFeb 26, 2020Not 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.
