Indonesia central bank closely monitoring market movements in response to conflict in Middle East, official says
JAKARTA, March 2 (Reuters) - Indonesia's central bank said on Monday that it will closely monitor market movements in response to the conflict in the Middle East, and will respond appropriately and ensure the rupiah moves in line with fundamentals.
Erwin Gunawan Hutapea, head of Bank Indonesia's monetary management office, said in a statement that it will remain active in the foreign exchange market and will work to improve the effectiveness of interest rate policies.
Erwin said the escalation in the Middle East following the U.S. attack on Iran has triggered risk-off sentiments on global financial markets.
He added that the FX interventions will be conducted through non-deliverable forward (NDF) transactions in both the onshore and offshore markets, including the spot market.
The rupiah weakened by as much as 0.45% against a dollar to 16,835 as of 02:16 GMT on Monday.
Related Articles
Shiba Inu 2026: L3 Evolution & the Next Bull Run
Discover the Shiba Inu (SHIB) 2026 outlook as it evolves from a meme coin into a sophisticated L3 utility network. This analysis covers the critical $0.00000589 support level, the impact of U.S. government SHIB holdings, and the Shibarium update featuring FHE privacy. Explore the "next Shiba Inu" bu
New Fed Chair Warsh About to Appear, Musalem Softens Dovish Remarks: How Does the Fed Policy Balance Tilt?
TradingKey - With U.S. President Donald Trump nominating Kevin Warsh as the next Federal Reserve Chair, the hawkish-dovish balance within the Fed is undergoing a pivotal shift. If successfully confirmed by the Senate, Warsh will succeed current Chair Jerome Powell in May 2026. This development also triggers a re-anchoring of the interest rate path, risk premiums, and the pricing logic for U.S. dollar assets.
Korean Stocks Up 47% YTD: How to Join the Rally
TradingKey - Since the start of 2026, South Korea’s KOSPI Index has been on a tear — rising more than 47% so far this year and lifting the market’s capitalization to ninth place globally. That performance makes it one of the brightest stars among major equity benchmarks.
U.S.-Iran Nuclear Negotiations Reach Impasse. Safe-Haven Flows Pour Into Gold and Silver as Crypto Market Comes Under Pressure
Negotiations between the United States and Iran have collapsed, triggering a sharp rise in safe-haven demand. Gold and silver attracted capital inflows, while the crypto market remained sluggish.
