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Bank Indonesia held an ad hoc press conference on April 26 about rupiah weakness, which pushed the JISDOR benchmark 1.10% weaker to IDR 13,930 per dollar in a week. Analysts had expected a rate hike, but the central bank signaled that was a last resort.
Rupiah weakness driven by US yields and Fed hike expectations raises Indonesian import costs for feed ingredients and keeps pressure on feed buyers. A rate hike would be a bigger signal for regional financing costs.
indonesia-investments.comIndonesia InvestmentsApr 27, 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.
