Home Bank Indonesia’s Warijyo: Central bank has more than enough forex reserves to support the rupiah

Bank Indonesia’s Warijyo: Central bank has more than enough forex reserves to support the rupiah

Updated: 26 Mar. 2020 | 07:27

Bank Indonesia’s (BI) Governor Warijyo said on Thursday, the central bank has more than enough forex reserves to support the rupiah, including through “triple intervention”.

Further comments

Sees a slowdown in outflows, some foreigners are seen buying govt bonds in the secondary market.

Will ensure the financial system has enough liquidity during the shorter trading period starting next week.

The rupiah weakness is temporary.

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