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Bank Indonesia and analysts view high US May inflation as temporary and do not expect the Fed to begin tapering its bond purchases in 2021. BI Governor Perry Warjiyo said Indonesia is preparing for tapering in 2022 by stabilizing the rupiah and government bonds.
The rupiah traded at Rp14,203 per dollar.
Expectations of no near-term Fed tapering keep dollar liquidity supportive for emerging markets, limiting pressure on the rupiah and Indonesian feed import costs.
thejakartapost.comDzulfiqar Fathur RahmanJun 15, 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.
