Loading…
Bank Indonesia unexpectedly cut its benchmark rate by 25 basis points ahead of the Federal Reserve's policy meeting. The rupiah had been under pressure earlier in the year but has since recovered to trade slightly firmer than the end of last year against the dollar.
A central bank rate cut ahead of the Fed signals policy easing in Indonesia, which can weigh on the rupiah over time and raise feed import costs. The move has limited direct effect on feed commodity prices.
reuters.comGayatri Suroyo, Stefanno SulaimanSep 18, 2024Not 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.
