USD/IDR: Indonesian rupee tests monthly tops on Bank Indonesia’s status-quo

At its April monetary policy meeting held on Tuesday, Indonesia’s central bank, Bank Indonesia (BI), left its 7-day reverse repo rate unchanged at 4.50%, in line with expectations.

The central bank kept maintained the status-quo after two back-to back rates cuts, as it looks to assess the impact of the previous cuts on the economy battling the coronavirus outbreak.

more to come ...