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An Indonesian university institute's December 2018 review of Bank Indonesia's policy meeting says the unexpected rate hike last month, along with a wider current account deficit, helped the rupiah appreciate over the past six weeks. Inflation is subdued because weak demand and subsidized fuel prices are holding down consumption.
The review judges that the central bank does not need to raise rates again this month.
Expectations of a firmer rupiah and no further rate hikes reduce the pressure on Indonesian import costs and on dollar-denominated feed purchases.
en.lpem.orgDec 20, 2018Not 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.
