Loading…
Bank Indonesia cut its benchmark rate for the first time in nearly two years on July 18, 2019. The central bank acted in anticipation of an expected Fed easing move at its July meeting.
Lower Indonesian rates reduce the currency's yield advantage, which tends to weaken the rupiah and raise dollar-denominated feed import costs.
asia.nikkei.comSHOTARO TANI, ERWIDA MAULIA, Nikkei staff writersJul 18, 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.
