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Bank Indonesia Governor Perry Warjiyo said the central bank was increasing its foreign exchange intervention and buying sovereign bonds in the secondary market. The rupiah traded at 14,711 per dollar, its lowest since the 1998 crisis, and the central bank bought Rp 3 trillion of bonds sold by foreign investors.
Heavier central bank intervention aims to stop the rupiah's slide, which would ease the import cost pressure on Indonesian feed buyers if successful.
thejakartapost.comMarchio Irfan GorbianoAug 31, 2018Not 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.
