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Finance Minister Sri Mulyani warned on May 31, 2021 that US Federal Reserve tightening could trigger market turbulence in Indonesia similar to the 2013 taper tantrum. She cited US inflation above 4% and the $1.9 trillion US stimulus as drivers of expected policy normalisation.
Expectations of Fed tightening could drive capital outflows and a weaker rupiah, raising the local cost of dollar-priced feed imports. The risk is a potential rise in USD/IDR if the taper expectations strengthen.
cnnindonesia.comMay 31, 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.
