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TD Securities expects Bank Indonesia to extend its policy pause after headline inflation eased into the central bank's 2-4% target range. Analysts note USD/IDR is approaching the psychological 15,000 level, and a dovish stance would not help the rupiah.
A weaker rupiah on dovish policy would raise the local cost of imported feed ingredients for Indonesian buyers, though the impact on global prices is minimal.
octaafrica.netJun 20, 2023Not 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.
