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Bank Indonesia cut its 7-day reverse repo rate by 25 basis points to 4.00% on July 16, in line with expectations, marking the fourth cut this year. The rupiah bounced off a two-month low after the decision, and the central bank expects the economy to contract further in the second quarter.
Lower Indonesian interest rates can weaken the rupiah and raise the local cost of imported feed, though the effect on global feed prices is limited.
octaafrica.netJul 16, 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.
