Loading…
Bank Indonesia raised its seven-day reverse repo rate by 50 basis points to 5.25%, a bigger move than the 25 bps most economists expected. The central bank is defending the rupiah, which had weakened beyond 14,400 per dollar, after the Fed hike and trade tensions.
Tighter Indonesian rates aim to support the rupiah, which eases import costs for feed ingredients, but higher borrowing costs can slow poultry and livestock expansion over time.
indonesia-investments.comIndonesia InvestmentsJun 29, 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.
