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Maybank Indonesia economist Myrdal Gunarto said Bank Indonesia should follow the Fed's policy to keep the rupiah stable against the dollar. He expected the rupiah to stay volatile this year because of portfolio-driven capital flows and a likely current account deficit, and he predicted BI would raise rates if the Fed turned hawkish.
Expected rupiah volatility and possible BI rate hikes raise the cost of dollar-linked feed imports for Indonesian buyers.
thejakartapost.comNews DeskFeb 11, 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.
