Bank Indonesia Says It's Ready to Intervene to Steady Rupiah.

Bank Indonesia is prepared to intervene in currency markets to stabilize the rupiah as it nears 16,000 per dollar. The central bank aims to maintain market confidence and has noted a decrease in dollar demand from state-owned companies. Despite outflows and pressure on the currency, Bank Indonesia remains focused on stabilizing the rupiah, with Governor Perry Warjiyo emphasizing this priority. Bloomberg Economics suggests that Indonesia's soft inflation may not lead to rate cuts in December, as rupiah stability is the central bank's main concern. [Extracted from the article]