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The rupiah kept weakening on September 20 despite Bank Indonesia's rate cut the day before, which lowered the 7-day reverse repo rate to 5.25%. The central bank also eased loan-to-value down payment requirements and loosened macroprudential rules.
Rate cuts and looser credit take months to transmit to the real economy, so the near-term effect is continued rupiah pressure that raises local feed import costs.
cnbcindonesia.comPutu Agus PransuamitraSep 20, 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.
