BI Acting Governor Urges Market Calm, Vows Continued Rupiah Intervention
Bank Indonesia (BI) Acting Governor Destry Damayanti urged market participants not to overreact to the resignation of the previous governor, assuring continued intervention in financial markets to stabilize the rupiah. BI will maintain its stabilization instruments, including spot market and DNDF interventions, alongside macroprudential policies and hedging cost reductions to attract foreign capital.
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