Jakarta (ANTARA News) - Bank Indonesia (BI) claims the external volatility of the rupiah has eased since the US Federal Reserve's rate increase on March 21, 2018. So in April 2018, BI felt it was not necessary to intervene to stabilize the rupiah.
"Since March 21, 2018 the situation stabilized until now the first week of April. So BI in this April does not need to enter the market to stabilize, "said BI Senior Deputy Governor Mirza Adityaswara at BI Central Office, Jakarta, Friday, April 6, 2018.
Since the Fed has confirmed the rate hike, he said, the global financial market situation continues to be conducive. At that time, BI did not jor-rod to stabilize the market. This is in contrast to February and March 2018, when BI stabilized the rupiah in foreign exchange and government securities markets, making foreign exchange reserves in the first two months of 2018 decline.
"So in February the foreign exchange reserves were used a little. March used a little. But after the announcement from the Fed about March 21. The market is stable, "he said.
Congratulations @hafnidar88! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last announcement from @steemitboard!