USD/IDR Price News: Indonesian rupiah slips to multi-day lows around 14,250
|Indonesian Finance Minister Sri Mulyani Indrawati said on Monday, that the central bank, Bank Indonesia, may bear 100% of the burden for public goods financing such as health spending.
Additional comments
“The central bank may take govt bonds with an interest rate of 1% point below the benchmark rate to fund non-public goods govt spending.”
“Still calculating how much the central bank will be asked to buy bonds, how much to raise from the market.”
Meanwhile, the central bank Governor Perry Warijyo said that they will ensure good governance in Bank Indonesia's agreement with the finance ministry.
USD/IDR challenges four-day highs
Despite the additional support measures announced by the Indonesian authorities, the Indonesian rupiah appears a little impressed. USD/IDR gains 0.74% to sit at four-day highs of 14,255.
The upbeat market mood lifts the sentiment around the Asian currencies but the rupiah seems to ignore that as well.
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