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Bank Indonesia held its policy rate at 3.50% and maintained a dovish tone despite rupiah weakness. ANZ economists said the rupiah will stay vulnerable to global risk sentiment until BI shows a hawkish shift.
A dovish central bank while the Fed tightens keeps pressure on the rupiah, raising the local cost of dollar-priced feed ingredients such as soymeal and corn imports.
octaafrica.netJun 27, 2022Not 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.
