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Bank Indonesia reached a $60 billion repo agreement with the US Federal Reserve to ease dollar funding pressure and support the rupiah. The Indonesian government also issued dollar bonds, including a 50-year tenor security.
The Fed repo line eases dollar liquidity stress, which reduces pressure on the rupiah and lowers the local cost of dollar-priced imports such as feed ingredients. It is a backstop rather than a supply change, so it has a moderate effect on feed prices.
centralbanking.comAlice ShenApr 9, 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.
