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Bank Indonesia raised its benchmark rate by 25 basis points to 4.75% on May 30, its second hike in two weeks, and signaled more possible increases. New Governor Perry Warjiyo said the bank would calibrate further hikes to market conditions amid an emerging-market sell-off.
Signaled further tightening supports the rupiah and reduces dollar-cost pressure on imported feed, but higher borrowing costs may weigh on Indonesian livestock and poultry expansion.
jakartaglobe.idReutersMay 30, 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.
