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The World Bank urged Indonesia to keep monetary policy accommodative and allow exchange-rate flexibility, citing rising US yields as a headwind. The report followed the Fed's signal that it would begin closing the door on pandemic-era policy.
The rupiah fell as much as 0.94% intraday.
Expectations of a steady Indonesian rate stance paired with a weaker rupiah tend to raise dollar-denominated feed import costs.
brecorder.comReutersJun 17, 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.
