Indonesia's Market Rout Worsens Before Central Bank Meeting
- Bank Indonesia seen hiking for third time in six weeks
- Market still under pressure despite intervention, Man GLG says
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A selloff in Indonesia’s markets worsened a day before the central bank’s policy decision is due, raising questions over how much more Governor Perry Warjiyo needs to do to fend off outflows.
The rupiah fell as much as 0.8 percent to its weakest since October 2015, while the benchmark stock index sank by more than 2 percent at one stage. Government bonds also declined.