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Indonesia's central bank said there is room to cut interest rates but that it will wait for a stronger rupiah, warning that cutting too soon could weaken the currency and push up inflation. The governor attributed the global imbalance to economic fragmentation.
Delayed rate cuts keep Indonesian borrowing costs high and the rupiah under pressure, which affects the cost of imported feed ingredients and the outlook for domestic feed demand.
reuters.comFeb 3, 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.
