✉news BusinessBanking first seen 1 d ago, last 16 h ago, peak #1
Indonesia central bank scales back FX spot-market intervention, governor says
Original: Indonesia central bank reduces FX intervention in spot market, governor says
Bank Indonesia has reduced its interventions in the foreign exchange spot market, according to the central bank governor. The move suggests officials see pressure on the rupiah easing, though the bank is expected to keep supporting the currency through other tools such as the secondary bond market if needed.
Why now: Markets are watching how Bank Indonesia defends the rupiah amid currency volatility.
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