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Bank Indonesia Governor Perry Warjiyo forecast the rupiah averaging 14,400 to 14,800 per dollar in 2023, slightly weaker than the 14,300 to 14,700 expected for 2022. He spoke as the Federal Reserve is expected to raise rates several times through 2023.
A weaker expected rupiah implies higher import costs for Indonesian feed and soymeal buyers, a modest upward pressure on local feed prices.
thestar.com.myThe Star OnlineMay 31, 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.
