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Indonesia's parliament is deliberating a proposal that would give government ministers voting rights at monetary policy meetings and widen Bank Indonesia's mandate to include growth and employment. The rupiah weakened after the recommendations were presented on September 1.
Analysts expect the proposal to weaken investor confidence and put pressure on the rupiah if it becomes law, raising Indonesian import costs for feed. The direct effect on global feed prices is small.
cnbc.comYen Nee LeeSep 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.
