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Bank Indonesia is expected to hold its key rate at 6.25% on July 17 and then cut by 25 basis points the following quarter, earlier than previously expected. The rupiah has weakened about 4.5% this year, which has kept rates higher for longer.
Expected rate cuts could ease pressure on the rupiah over time, lowering the cost of Indonesian feed imports, with limited effect on global feed prices.
reuters.comVeronica KhongwirJul 15, 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.
