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Bank Indonesia kept its 7-day reverse repo rate at 6%, as expected by the market. The central bank may now have room to ease policy later if the rupiah keeps strengthening, given that the Fed is seen on hold through the year.
Possible future rate cuts by Bank Indonesia could lower borrowing costs for the Indonesian feed and livestock sector, but the impact on global feed commodity prices is minimal.
think.ing.comNicholas Mapa Senior Economist, PhilippinesMar 21, 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.
