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Bank Indonesia May Intervene to Support Falling Rupiah

April 25, 2018 at 11:01 by Vladimir Vyun

50,000 and 100,000 Indonesian rupiah billsThe Indonesian rupiah fell today, prompting speculations that the nation’s central bank will intervene to defend the currency.

The rupiah was under pressure from rising US Treasury yields and strengthening US dollar, which were sapping appeal from assets of emerging markets. The central bank was trying to hold off depreciation of the currency, but had little success so far. That resulted in speculations that the Bank Indonesia may go as far as to raise interest rates for the first time since 2014.

USD/IDR rose 0.23% to 13,921 as of 10:56 GMT today.

If you have any questions, comments, or opinions regarding the Indonesian Rupiah, feel free to post them using the commentary form below.

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