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Bank Indonesia surprised markets with a 25 bp cut to its benchmark rate to support growth. The rupiah slid to a six-month low of 16,335 per dollar after the cut, while the stock index rallied 1.8%.
A weaker rupiah after the rate cut raises import costs for Indonesian feed buyers.
reuters.comGayatri Suroyo, Stefanno SulaimanJan 15, 2025Not 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.
