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Indonesia central bank has been intervening to defend rupiah: governor

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Published Tue, Feb 28, 2023 · 01:25 PM
    • Bank Indonesia has been intervening to defend the rupiah exchange rate, which has come under pressure amid predictions of more US interest rate hikes, its governor Perry Warjiyo said on Tuesday.
    • Bank Indonesia has been intervening to defend the rupiah exchange rate, which has come under pressure amid predictions of more US interest rate hikes, its governor Perry Warjiyo said on Tuesday. PHOTO: REUTERS

    INDONESIA’S central bank has been intervening to defend the rupiah exchange rate, which has come under pressure amid predictions of more US interest rate hikes, its governor Perry Warjiyo told an economic forum on Tuesday.

    He said he believed the rupiah would strengthen once uncertainty around rate hikes subsides. REUTERS

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