Loading…
Bank Indonesia kept its policy rate unchanged at 3.5% on May 24, 2022, signalling no near-term rate hike and prioritising economic recovery. ING expects the rupiah to face some pressure as the central bank declines to join the regional rate-hike camp.
A dovish central bank stance is likely to weigh on the rupiah, raising the local cost of dollar-priced feed imports.
teletrade.orgMay 24, 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.
