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Bank Indonesia cut its 7-day reverse repo rate by 25 basis points to 3.50% at its February meeting and revised 2021 GDP growth to 4.3% to 5.3%. The bank said the rupiah is fundamentally undervalued and has room to strengthen.
Lower Indonesian rates and a weaker growth outlook may modestly reduce domestic demand for livestock feed, but the effect on global feed commodity prices is limited.
octaafrica.netFeb 18, 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.
