
The rupiah weakened toward 18,040 per US dollar on Thursday, October 22, extending its prior decline. Oil near $100 per barrel added to fiscal concerns, and President Prabowo criticized MSCI's proposed reclassification of Indonesian stocks.
Bank Indonesia raised its deposit facility rate by 25 basis points to 5% and announced reserve requirement cuts.
A weaker rupiah combined with El Niño-linked food inflation raises the cost of imported feed inputs in Indonesia, while the central bank's liquidity measures may limit the decline.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.