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Bank Indonesia deputy governor Doddy Zulverdi said the central bank has prepared for pressure on the rupiah and has been intervening in the market to stabilize the exchange rate. He said BI does not intervene at every moment, only when depreciation is too fast, and that it has not cut rates since September 2017.
Central bank intervention limits short-term currency swings that affect the local cost of dollar-priced feed imports. The stance signals no near-term rate cut that would add to rupiah pressure.
money.kompas.comPramdia Arhando JuliantoMar 1, 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.
