Bank Indonesia's Warjiyo: To continue accommodative monetary policy, USD/IDR hits five-day highs
|Bank Indonesia (BI), the Indonesian central bank, Governor Perry Warjiyo in the last minutes, via Reuters, made some comments on the monetary policy outlook.
Key Quotes:
To continue an accommodative monetary policy.
Policies to focus on strengthening economic growth.
Rupiah's recent appreciation in line with fundamentals, reflects BI and govt's policies.
The USD/IDR pair extends its recovery mode into a second day this Wednesday, having hit a fresh five-day high at 13,687 on the BI Governor’s comments. At the press time, the spot eases to 13,672 levels, still up 0.16% on the day.
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