# Bank Indonesia intensifies market intervention as rupiah tumbles - Business - The Jakarta Post

> 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.

- Date: 2018-08-31 · published 2018-08-31T12:00:00.000Z
- Category: macro · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/63838-bank-indonesia-intensifies-market-intervention-as-rupiah-tumbles-business-the
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Heavier central bank intervention aims to stop the rupiah's slide, which would ease the import cost pressure on Indonesian feed buyers if successful.

## Read by commodity

- USDIDR: neutral

## Sources

- thejakartapost.com: https://www.thejakartapost.com/news/2018/08/31/bank-indonesia-intensifies-market-intervention-as-rupiah-tumbles.html

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