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Bank Indonesia intervened on September 2 to smooth volatility after the rupiah fell 1.6% to 14,800 per dollar, its weakest since August 18. The move followed a parliamentary expert panel proposal to give government ministers voting rights on monetary policy and widen the central bank's mandate.
Concern over central bank independence raises the risk of a weaker rupiah, which makes imported feed inputs more expensive for Indonesian buyers. Lasting currency weakness would increase feed costs in the region.
english.kontan.co.idHerlina KDSep 2, 2020Not 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.
