Indonesia will intervene in bond market in 'sizeable amount' to defend rupiah


  • Forex
  • Thursday, 9 May 2019

"Bank Indonesia is committed to maintain the stability of the rupiah, and will keep intervening in the bond market for sizeable amount," Hendarsah said.

"Bank Indonesia is committed to maintain the stability of the rupiah, and will keep intervening in the bond market for sizeable amount," Hendarsah said.

JAKARTA: Indonesia central bank will intervene in sovereign bond markets to defend the rupiah, its head of monetary management Nanang Hendarsah said, as rising trade tensions between the United States and China weigh on emerging market currencies.

"Bank Indonesia is committed to maintain the stability of the rupiah, and will keep intervening in the bond market for sizeable amount," Hendarsah said.

The rupiah opened at 14,295 per dollar on Thursday, slipped slightly from 14,290 at previous closing. - Reuters

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