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The rupiah gained about 0.5% after Bank Indonesia kept its benchmark rate at 4.0%, as widely expected, following four cuts this year. The currency remains down about 6% against the dollar in 2020, the weakest in the region.
A stable policy rate supports the rupiah, which lowers the local cost of imported feed ingredients for Indonesian buyers. The effect on global grain and oilseed prices is minimal.
financialpost.comReutersAug 19, 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.
