Macroeconomics

Indonesia Central Bank Conducts 'Bold' Intervention to Support Rupiah

December 13, 2024, 04.38 PM | Source: Reuters
Indonesia Central Bank Conducts 'Bold' Intervention to Support Rupiah

ILUSTRASI. Indonesia central bank has intervened in the foreign exchange market in what it called a "bold" way to maintain market confidence in the rupiah. REUTERS/Willy Kurniawan

FOREX - JAKARTA. Indonesia central bank has intervened in the foreign exchange market in what it called a "bold" way to maintain market confidence in the rupiah, which fell to a four-month low against the dollar earlier on Friday.

"We entered the market with a quite bold triple intervention," Bank Indonesia's head of monetary management department, Edi Susianto, told Reuters.

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