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Indonesian companies are voicing alarm as the rupiah has weakened about 6% in 2024, the second-worst performance in Southeast Asia. Their complaints about rising costs add to pressure on Bank Indonesia to tighten policy.
A weaker rupiah raises the local-currency cost of dollar-priced feed and feed-ingredient imports for Indonesian buyers. Pressure for tighter policy could also lift domestic borrowing costs for the feed and livestock sectors.
bloomberg.comGrace SihombingJun 26, 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.
