# Indonesia central bank to intervene if rupiah becomes too strong: governor - The Business Times

> Indonesia's central bank governor told parliament the bank will intervene in the currency market if the rupiah strengthens too far, though the current level is acceptable. The rupiah had closed the prior week at its strongest level in almost two years, at 13,565 per dollar.

- Date: 2020-01-26 · published 2020-01-26T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/55395-indonesia-central-bank-to-intervene-if-rupiah-becomes-too-strong-governor-the
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Central bank intervention to cap rupiah gains would limit the appreciation that lowers local import costs for feed buyers, but it has minimal effect on global feed grain prices.

## Read by commodity

- USDIDR: neutral

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/indonesia-central-bank-intervene-if-rupiah-becomes-too-strong-governor

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