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Bank Indonesia kept its policy rate at a record low on August 19, 2021, to support the economy, while the rupiah had been weakening for two weeks on talk of US tapering. The central bank then intervened slightly, and the rupiah gained modestly after the announcement.
Holding rates low supports domestic demand for feed and livestock products, but the rupiah's weakness on US tapering talk raises import costs for feed ingredients. The overall price effect on feed is modest.
reuters.comGayatri Suroyo, Bernadette ChristinaAug 19, 2021Not 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.
