Indonesia’s central bank is intensifying its fight to protect the nation’s currency and bonds with a slew of measures that includes more hedging tools.
Bank Indonesia plans to soon introduce overnight index swaps and interest-rate swaps to widen its pool of hedging tools for investors, exporters, and banks. The central bank will also start offering a one-month tenor foreign-exchange swap hedging facility, said Nanang Hendarsah, executive director for monetary management.
