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Bank Indonesia cut its 7-day reverse repo rate by 25 basis points to 5.25% on September 19, as widely expected. The central bank cited a global slowdown and said it expected the rupiah to remain stable on capital inflow prospects.
Lower Indonesian rates tend to reduce the currency's yield appeal, which can weigh on the rupiah and modestly raise imported feed costs.
forexcrunch.comFX StreetSep 19, 2019Not 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.
