✉news BusinessBanking first seen 8 h ago, last 1 h ago, peak #1
Indonesia's central bank scales back spot-market FX intervention
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 as easing, or a shift toward managing the currency through other tools. Traders and analysts will be watching whether the change affects the currency's stability in coming sessions.
Why now: Currency markets and investors are sensitive to any change in how Indonesia's central bank supports the rupiah.
Evidence
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